News
April 2, 2008
Putnam seeks $5 million loan to fund water projects
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WINFIELD - Putnam County commissioners hope to secure a loan of at least $5.5 million to help bring water to 184 households.

On Tuesday, commissioners unanimously voted to apply for a zero-interest, 40-year loan from the state's Infrastructure and Jobs Development Council to fund 11 waterline extension projects throughout the county.

Last week, construction bids went out on another project, which will bring water to more than 100 homes at a cost of $3 million.

Last month, engineer Jennifer Miller of Terradon Corp. - which is doing engineering work for those extensions - presented cost estimates of water projects that have not yet been done. More than 300 Putnam households have made formal requests for waterlines.

Commissioner Gary Tillis had asked that commissioners study Terradon's summary and decide on the most cost-effective projects.

Tillis said loan payments for the 11 areas discussed Tuesday would cost the county about $140,000 a year.

"I look at it as an investment," he said. "Their property taxes are going to increase immediately."

And time is of the essence for getting started on the projects, he said.

"If you believe all the experts, there's a good chance we're going to see inflation," he said.

He also said county officials need to show the state they are pitching in for infrastructure projects: "They're not going to keep funding these through grants if you're not putting in some of your own money."

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