Atlanta, GA (PRWEB) August 07, 2012
The Paulding County Legislative Delegation is proud to announce that Governor Deal is dedicating funding locally to the much needed Richland Creek Water Reservoir project in Paulding County.
The local delegation - which consists of Senator Bill Heath (http://www.billheath.net/), Senator Bill Hamrick (http://votehamrick.com), Representative Howard Maxwell (http://www1.legis.ga.gov/legis/2009_10/house/bios/maxwellHoward/maxwellHoward.htm), and Representative Paulette Braddock (http://paulettehouserep.com) - has worked closely with the Governor’s Office, the Georgia Environmental Finance Authority (GEFA) and the Georgia Department of Community Affairs (DCA) to receive the necessary funding to build the Richland Creek Water Reservoir locally. This project is critical to solving the water shortage in the County and in the state.
According to Senator Heath, “This one of the most important infrastructure projects in West Georgia and exactly the kind of quality project our state government should be supporting. The Richland Creek project will protect the water resources of all the citizens of Paulding County and lessen our dependence on Cobb County for our water. I look forward to assisting in the required permitting process and helping to secure water for Paulding’s future needs.”
And here is what Representative Maxwell has to say about the states contribution to the project, “I’m excited the Governor recognized that our project is one of the most viable water reservoirs to provide water to our state. I’m glad we could secure the Governor’s interest to move this project forward. We have a great delegation that works well together and I’m proud of the other Senators and Representatives in this district that worked with the local county officials on the effort to move this project forward in a big way.”
Representative Paulette Braddock states, “This project has been in the works for many years with our local leaders and I’m grateful to the Governor for helping Paulding County move forward with the funding of this much needed project. This will help our economic development efforts tremendously to continue attracting companies and new jobs for Paulding County residents. Economic Development is an area that I have put a great deal of focus into, working with our local and state officials and economic development folks, and I’m glad we were one of the first to be funded under the Governor’s Water Supply Program (GWSP).”
Paulding County was approved for a 40-year loan of $29,100,000 to construct a 305-acre pumped-storage reservoir on Richland Creek in northern Paulding County, with an intake on the Etowah River used to fill the reservoir. Paulding County is designing the reservoir with a projected yield of 35 MGD. The total cost of the reservoir project is $86,400,000, with the county providing $57,300,000 in funding. Paulding County will pay zero percent interest for the first three years of construction; 1 percent for the remainder of construction, accrued and capitalized; and 1.82 percent during the repayment period once construction is complete. The county will not be charged a closing fee.