---
date: 2001-08-06
title: August 6, 2001 Minutes
source: 2001-08/2001-08-06_August 6, 2001_Minutes.pdf
pages: 1
---

August 6, 2001
CITY OF STOCKBRIDGE MINUTES
HENRY COUNTY, GEORGIA AUGUST 6, 2001

A Special Meeting of the Stockbridge City Council was held August 6, 2001 at 5:00 P. M. Mayor R. G.
Kelley presided and member present were Fred Evans, W. A. Gardner, FletcherTurner and Ronnie
Simmons. Harold Cochran was absent due to surgery.

Fred Evans made a motion to convene; W. A. Gardner seconded, and motion carried.

Mayor Kelley welcomed guests.

NEW BUSINESS

COMMUNITY CENTER LOANS. Mayor Kelley said that this meeting was called to consider approval of
loans for Stockbridge Community Center. At that point he turned the meeting over to Bruce Vail, City
Attorney to explain this transaction.

Bruce Vail explained that the Council would approve two loans, one to the City, which will be tax exempt.
There are federal rules regarding whether something is tax exempt and the amount will be $1,800,000.
The second loan will be $440,000. The total amount that will be disbursed will be $2,240,000. There are
resolutions to approve each loan and a series of documents designed to implement each transaction. The
purpose behind this is to create the debt in essence to be considered ultimately with reference with
SPLOST. It is ultimately related to the Community Center project.

Ronnie Simmons made a motion to adopt Resolution to approve the tax-exempt loan in the amount of
$1,800,000 and authorize Mayor Kelley and City Clerk to sign all documents to implement this transaction,
Fletcher Turner seconded, and motion carried.

Fred Evans made a motion to adopt Resolution to approve the loan in the amount of $440,000 and authorize
Mayor Kelley and City Clerk to sign all documents to implement this transaction, Ronnie Simmons
seconded, and motion carried.

SPLOST CONTRACT WITH HENRY COUNTY. Bruce Vail noted that there is a Resolution that authorizes
execution of the agreement and authorizes the Special Purpose Local Option Sales Tax to be imposed
subject to voter approval through the referendum process. It authorizes execution of the Government
Agreement. That agreement in turn is something that will be executed by all of the municipalities in Henry
County as well as Henry County itself. It in turn authorizes the assessment and collection of SPLOST,
establishment to a sales tax fund, which is SPLOST generated. Each city will become a sponsoring local
government entity for projects in its respective jurisdiction. All projects will be known collectively as the
2001 Henry County Capital Improvement Project. These projects are described in the exhibits that are
attached to the agreement. The County would administer the bond funds but each city will have to keep a
detailed account. The tax itself will be for one (1) cent and the cities will collect approximately twenty (20)
percent of the total funds that are generated as follows:

Hampton
15.7
Locust Grove
9.5
McDonough
34.6
Stockbridge
40.2

For Stockbridge that will total $7,711,708, based on an estimate of what will be collected. The term of the
tax will be no more than five (5) years. Funding will take place by the County from general obligation or
G.O. bonds, voter approval is indicated as required. The timetable for projects is rather vague. The cities
and the County are obligated to act in a prompt, efficient, economical and legal manner. If the city has
unused revenues for completed projects, then the excess revenues will return to the pool for reallocation.
The sponsor City will transfer unused revenue for disqualified projects to another listed project.
Beneficiaries will be the citizens in the communities and the unincorporated Henry County because people
do cross the lines. It would also obligate the municipality or the County to go ahead and extend
expenditures in an area that is annexed and the jurisdiction that takes over in the event of a de-annexation
would likewise have the same obligation.

Ronnie Simmons made a motion to adopt Resolution to authorize execution of the agreement and
authorizes the Special Purpose Local Option Sales Tax to be imposed; Fred Evans seconded, and motion
carried.

Ronnie Simmons made a motion to accept the Government Agreement; W. A. Gardner seconded, motion
carried.

W. A. Gardner made a motion to adjourn; Ronnie Simmons seconded, and motion carried. Meeting
adjourned at 5:30 P. M.

Respectfully submitted,

Merle Manders, CMC R. G.
Kelley
City Clerk
Mayor
