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City signs resolution to seek out energy-financed loan

The Sylvania City Council approved a resolution authorizing the execution and delivery of certain amended and restated power sales contracts relating to Plant Vogtle’s additional units.
The resolution will seek out a Department of Energy financed loan, that offers much lower interest rate saving the MEAG cities involved with the two additional power units at the nuclear plant “possibly hundreds of millions of dollars,” City Attorney Hugh Hunter said.
The loan is not set in stone at the moment, but the council needed to approve the resolution for the process to start as all other MEAG cities with Vogtle must authorize the plan. Originally, for the first part of Vogtle’s construction, bonds were issued. Those bonds could be restructured/refinanced at a later date, Hunter said.
City Manager Stacy Mathis said the DoE loan makes sense business wise, as it could save Sylvania a great deal of money. Hunter said from a legal standpoint the contract is just getting underway and would come back to the city at a later date if the loan was secured.
Aubrey Dempsey, a resident of Singleton Avenue since 1998, said the speed limit on the road is too high. More and more families are living on Singleton, meaning more children are in the area. He said the very first night he moved into Sylvania his Ryder moving truck was struck by a vehicle when it was parked on Singleton.
The city’s municipal code setting maximum speed limits actually sets Singleton Avenue from Highway 301 Bypass and Ridgecrest drive to 35 miles per hour and from Ridgecrest Drive to North Main Street to 25 miles per hour.
The Georgia Department of Transportation has rated the road to be 45 mph and 35 mph, so those are the posted limits on the road. Sylvania Police Chief Gary Weaver said he was inclined to stick with the GDoT speed limits. The police department already has radar capabilities for the 45 mph and 35 mph zone, versus going through the permit process and getting radar on the 35 mph and 25 mph zone if the speed limit is changed.
Dempsey also said the area receives a heavy amount of large truck traffic going through, causing damage to Sylvania’s downtown. The council said there was nothing they could do about that and tabled the topic for additional study.
In a Jan. 30 article in the Sylvania Telephone, traffic at the intersection of Highway 301 and Buttermilk Road/Singleton Avenue was found to have the most crashes over a span of two years with 11 collisions. The posted speed limit on Singleton Avenue before Highway 301 is 45 mph, but there has not been a study correlating the occurrence of crashes with the speed limit.
The attorney’s bill of $6,480 for February was paid.