County leaders considering $40M in revenue bonds

  • Wednesday, November 13, 2013

Georgetown County Council is considering issuing $40 million in revenue bonds so The SEFA Group can upgrade its high-carbon fly ash recycling facility near the Santee Cooper generating station at Georgetown.
It is unclear whether the money would go toward a new facility or renovations of the existing facility on Steam Plant Drive.
Georgetown County Administrator Sel Hemingway declined to comment on the project.
The bonds would be issued by the South Carolina Jobs-Economic Development Authority, and it would be the responsibility of SEFA to repay them.
According to SEFA, fly ash is used to make longer-lasting concrete. Using fly ash in concrete means less cement is needed. The process of creating concrete releases carbon dioxide into the atmosphere, so less cement means fewer harmful emissions.
SEFA opened its Georgetown plant in 2002. Last April, the company laid off seven workers at the plant and cut back from operating 24 hours a day to only daytime.
Tom Hendrix, SEFA president, said at the time that the Georgetown facility was the only one where layoffs were occurring.
“It’s simply we had to reduce staff because of the lack of supply of fly ash. Electric plants have started using more natural gas and are not using as much coal as they used to,” Hendrix said.
County Council will hold a public hearing on the bonds at its Dec. 10 meeting.

In other business:
 Georgetown County Council received only one recommendation for spending fall A-tax funds at its November meeting on Tuesday night.
The county has $103,017 on hand and the Accommodations Tax Committee recommended giving $103,000 to the Georgetown County Chamber of Commerce’s Tourism Management Committee for tourism marketing.
• Council agreed to pay Motorola Solutions $741,857 to upgrade the county’s Fire/EMS and Emergency Management radio system.
The current system is 10 years old. The state is also upgrading its radio system, and the county has to upgrade to keep up.
The funding comes from the county’s Capital Improvement Plan budget.
The county will also spend $161,328 to buy six 2014 Chevy Tahoes from Love Chevrolet in Columbia for the Sheriff’s Office.
The money comes from the county’s Capital Equipment Replacement Program.
• American Property Experts of Wilmington, N.C., was hired to eliminate yard waste at the Solid Waste Landfill.
The county had to find another company after A-1 Sandrock, Inc. of Greensboro, N.C., terminated its contract.
American Property Experts’ bid of $7.70 per ton with a $1,500 mobilization fee up to $59,000 annually was the lowest of six bids.
n Council gave final approval to the following ordinances: an ordinance to allow Murrells Inlet 2020 to attach bronze plaques to the Marsh Walk, Jetty View Walk and Morse Park Crab Dock; and rezoning .54 acres at Lachicotte Drive and U.S. Highway 17 in Pawleys Island from “general residential” to “general commercial” and removing it from the Hammock Shops Planned Development.

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