The Liberty County Development Authority is studying a proposed budget of $13.9 million for next year that includes more than $5 million the LCDA hopes to raise from land sales.
Because the amount of money from the sale of the land cannot be known exactly, nor can the timing of the sales, the LCDA has reserved that revenue for debt payment.
Parcels in Hinesville, Allenhurst, Walthourville and Riceboro are included on the LCDA’s list of potential land sales.
The authority will also receive income — nearly $1 million — from rentals, leases and other fees from its “customers” such as Canoochee Creek, CTech Metal, Mainship, Kemira, Hugo Boss, Interstate Paper, Bioagra, Tire Rack, Elan Technology and Loadstar.
Some of those same names appear in the “minus” column where the LCDA lists debt service: Mainship, Hugo Boss, and Interstate Paper. A total of $2.6 million is proposed for debt service.
The city of Midway appears several times in the LCDA budget draft.
The authority is still waiting for Midway to pay $37,500 for a special allowing the Midway Industrial Park and the city to share water when necessary.
Zeroes show up in several sections of the water/sewer budget proposal because Midway and the LCDA have agreed to share these services, but details such as unit costs have not yet been agreed.
The authority will meet at 7:30 a.m. Friday at its office at 425 W. Oglethorpe Hwy. for a regular monthly session.
In that public meeting, it is expected to hear a protest from E.P.S.S. Inc. whose bid for a Tradeport East clearing and grubbing project was not accepted.
Because the amount of money from the sale of the land cannot be known exactly, nor can the timing of the sales, the LCDA has reserved that revenue for debt payment.
Parcels in Hinesville, Allenhurst, Walthourville and Riceboro are included on the LCDA’s list of potential land sales.
The authority will also receive income — nearly $1 million — from rentals, leases and other fees from its “customers” such as Canoochee Creek, CTech Metal, Mainship, Kemira, Hugo Boss, Interstate Paper, Bioagra, Tire Rack, Elan Technology and Loadstar.
Some of those same names appear in the “minus” column where the LCDA lists debt service: Mainship, Hugo Boss, and Interstate Paper. A total of $2.6 million is proposed for debt service.
The city of Midway appears several times in the LCDA budget draft.
The authority is still waiting for Midway to pay $37,500 for a special allowing the Midway Industrial Park and the city to share water when necessary.
Zeroes show up in several sections of the water/sewer budget proposal because Midway and the LCDA have agreed to share these services, but details such as unit costs have not yet been agreed.
The authority will meet at 7:30 a.m. Friday at its office at 425 W. Oglethorpe Hwy. for a regular monthly session.
In that public meeting, it is expected to hear a protest from E.P.S.S. Inc. whose bid for a Tradeport East clearing and grubbing project was not accepted.