FORSYTHCOUNTY
Department of Communications
Release 000862
September 1, 2015
Contact: Jodi B. Gardner
Director of Communications
770.886.2802
JBGardner@forsythco.com
FOR IMMEDIATE RELEASE
FORSYTH COUNTY PUBLIC FACILITIES AUTHORITY
MOVES FORWARD WITH ITS FIRST PROJECT
FORSYTHCOUNTY, Georgia – The Forsyth County Public Facilities Authority approved on September 1 the inaugural project to be funded through the entity since its creation in 2008. The authority voted at its September 1 special called meeting to approve a Resolution of support pertaining to a non-traditional learning academy to be called the Alliance Academy for Innovation of Cumming-Forsyth County, Inc. The Academy is described as a workforce development campus offering a unique curriculum for ninth through twelfth grade students. The Resolution places a cap on the amount of funding at $20,000,000. The Resolution further provides that the General Assembly will need to assist to make the project a reality, as the Authority’s enabling legislation will need a modest revision to make clear that revenue bond projects with the School System are allowed.
The Forsyth County Public Facilities Authority (PFA) is a political subdivision of the state of Georgia and a public corporation, and provides the governmental entities within Forsyth County the opportunity to obtain favorable financing and funding for public facilities, buildings and equipment for the citizens of Forsyth County, the Forsyth County School Board and the City of Cumming, in a manner exempt from taxation and at low interest rates.
The PFA was established in order to allow projects such as facilities, public safety improvements and parks to be delivered to Forsyth County citizens in the most timely and cost-effective manner possible. One of the primary functions of the PFA is to issue revenue bonds for such projects to be paid for by a defined revenue stream.
The PFA was created in 2008 following approval by the Forsyth County Board of Commissioners and the Georgia General Assembly.
###
FORSYTHCOUNTY Department of Communications
110 E. Main Street, Suite 210 | Cumming, Georgia 30040 | www.forsythco.com
TV Forsyth – Comcast Channel 23 and AT&T Channel 99
You must be logged in to post a comment Login