Refinance of 2014 bond could save city taxpayers $200,000

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DAWSONVILLE, Ga. – Dawsonville City Council has tentatively agreed to re-finance a 2014 bond that was issued at an interest rate of 3.05 percent. The new rate will be 1.76 percent, which will generate a saving of approximately $200,000.

Before final approval, however, council directed the bonding company to provide a final analysis of the exact savings.

Council also approved a series of appointments to various committees. Marcus Sewell, a Lumpkin County Chief Investigator who has announced his campaign for Dawson County Sheriff,  was appointed to the city’s new ethics committee. Susan Thiesen was appointed to the Planning Commission. Perry Bohn was appointed to the Historic Preservation Commission and Jamie McCracken was appointed to the Downtown Development Authority.

Council also approved:

A registration application by CSL Georgia Realty/CSL Georgia Systems known collectively as unity to use the public right of way to install, operate and maintain telecommunication devices for public telephones, internet and broadband. In exchange, Unity will pay the city 3.5 percent of its monthly revenue;

A conditional use permit for Atlanta Motorsports Park to build garage condos at its facility on Duck Thurmond Road;

A motion to approve a zoning amendment correction on property located at 86 Hwy. 53 west from Institutional District (ID) to Town Business District (TBD) was approved unanimously;

A budget amendment to spend $8,000 for conceptual design of an amphitheater at Main Street Park;

A contract with Custom Fence of Atlanta in the amount of $127,199 for fencing at Main Street Park, with the stipulation that it is to be built in stages;

A potential change order in the amount of $49,563.30 for Main Street Park. The vote was 3-0. Councilman Caleb Phillps abstained.

Council denied the alcohol amendment ordinance and directed staff to move forward with drafting another ordinance.

Also denied was a request by Atlanta Motorsports Park to expand its teen driver training facility.

 

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