As of Friday, December 21, 2012
© Copyright 2013
Gwinnett Daily Post
Berkeley Lake annexes Hermitage Plantation subdivision
Carole Townsend
Staff Correspondent
BERKELEY LAKE -- A public hearing was held during Thursday's city council meeting in Berkeley Lake, giving residents and property owners of Hermitage Plantation subdivision the opportunity to discuss annexation into the city. A few subdivision residents voiced concerns regarding the action, but after asking questions of mayor Lois Salter and council members, those originally opposed to annexation had their questions answered to their satisfaction.
The bottom line for subdivision residents, according to city administrator Tom Rozier, is that they will save money by becoming residents of Berkeley Lake rather than unincorporated Gwinnett County. By not having to pay the county's storm water utility fee and streetlight fees, and by paying lower garbage collection fees in the city, Hermitage Plantation homeowners will realize appreciable cost savings following annexation.
Salter also let concerned property owners know that repairs to the dam on Lake Berkeley are being paid for with FEMA funds and city reserves, not with their city tax dollars.
City ahead of schedule on bond repayment
As Salter promised taxpayers with regard to bond repayment for repairs to the lake's dam, the city will start early payoff of the bond used to fund the repairs, with complete repayment expected in the first quarter of 2013. Salter made the promise to taxpayers based on city receipt of FEMA funding, which was eventually granted to Berkeley Lake by the federal agency.
"This means we will pay off the bond in a little over a year," Rozier stated.
The city's greenspace bonds were recently refinanced, resulting in a $158,000 total savings to the city over an 8-year period. According to Rozier, Berkeley Lake will be a debt-free city in 8 years, barring any unforeseen circumstances requiring additional borrowing.
More like this story
- Berkeley Lake annexes commercial properties ( November 17, 2011 )
- Berkeley Lake dam funds waiting on Feds ( December 15, 2011 )
- Berkeley Lake explores options for financing dam repair ( October 21, 2010 )
- Berkeley Lake moves toward bond referendum ( November 19, 2010 )
- Berkeley Lake mayor gives state of city ( February 18, 2010 )

Comments
R 5 months, 4 weeks ago
Just another off hand reason for tax rates to go up on the remaining residents of unincorporated Gwinnett County, 2013 appears to be the "Year of the TAX".
Don’t you just LOVE how these little cities claim they can provide items CHEAPER?
"paying lower garbage collection fees in the city"
Reason 5 months, 4 weeks ago
You get what you don't pay for. Then you to borrow to get what you need. Sounds like the average citizen these days.
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