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Habersham commissioners approve $6.85 million bond financing for new animal control facility

The county will borrow up to $6.85 million through PNC Bank to build the new animal control facility, with an interest rate the county says saves about $600,000 compared to initial estimates.

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March 17, 2025: Awarding bid for financing of new Animal Control Facility through tax-exempt installment sale agreement (Series 2025) to PNC Bank

At a glance

What this means now

Where it stands

The Board then voted 3-0 to award the financing bid to PNC Bank for the tax-exempt installment sale agreement, Series 2025, and separately voted 3-0 to approve Resolution #2025-03-002 authorizing the Chairman to execute all necessary documents relating to the financing.

The story

In December 2024, the Habersham County Board of Commissioners approved an Intent Resolution authorizing county staff, Davenport and legal counsel to proceed with an installment sale financing of up to $6,850,000 to fund the new Animal Control Facility.

Sources21 Executive Summary- Award of Animal Control Facility Project Financing RFP to PNC Bank

The project's status was reviewed at the Board's February 2025 planning retreat, where Capital Projects Manager Jerry Baggett provided an update on the SPLOST-funded facility.

SourcesMeeting4882_9 Minutes for BOC 02.13.25 Planning Retreat.pdfMinutes for BOC 02.13.25 Planning Retreat

On March 17, 2025, the Board held a public hearing on financing the facility through a tax-exempt installment sale agreement, and county staff recommended accepting a 3.64% interest rate bid from PNC Bank to finance the project.

SourcesUnapproved Minutes for 03.17.25 BOC Meeting21 Executive Summary- Award of Animal Control Facility Project Financing RFP to PNC Bank

The Board then voted 3-0 to award the financing bid to PNC Bank for the tax-exempt installment sale agreement, Series 2025, and separately voted 3-0 to approve Resolution #2025-03-002 authorizing the Chairman to execute all necessary documents relating to the financing.

SourcesMeeting4828_7 Minutes for 03.17.25 BOC Meeting.pdfUnapproved Minutes for 03.17.25 BOC Meeting

What happened

How this issue got here

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Discussed
discussed

Animal Control Facility SPLOST project status

Animal Control Facility Jerty Baggett, Capital Projects Manager

Discussed
discussed

Status update on SPLOST-funded Animal Control Facility project

c. Animal Control Facility Jerry Baggett, Capital Projects Manager

Approved
confirmed

December 2024 Intent Resolution authorizing up to $6,850,000 Installment Sale Financing for the Animal Control Facility

the Board approved an Intent Resolution at theDecember Board Meeting authorizing County Staff, Davenport and Legal Counsel to proceed with anInstallment Sale Financing up to $6,850,000 to fund the Project.

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