Development Authority Postpones Meeting on Bond Sales

The Oconee County Industrial Development Authority on Friday postponed its meeting to consider issuance of bonds for construction of Presbyterian Village Athens on U.S. 441 at Hog Mountain Road that had been scheduled for Monday.

County Clerk Kathy Hayes sent out notice of the postponement of the Authority meeting at 10:30 a.m. on Friday but did not give an explanation of the decision to postpone the meeting.

Oconee County Board of Commissioners Chair John Daniell had said after the Commission meeting on Sept. 25 that the bond sales would be on the Authority agenda for the Monday meeting.

The Authority passed a resolution in May indicating its willingness to issue bonds for Presbyterian Homes for up to $150 million.

Oconee County Attorney Daniel Haygood said on Friday that final paperwork was incomplete for the bonds but that the “the best current number is $124,040,000" in bond sales.

For more on this story, go to Oconee County Observations.

Pictured: Sign at construction site.