$14,714,320 Sinclair water authority bonds

On May 15, 2008, the Sinclair Water Authority issued three series of revenue bonds totaling $14,714,320 to provide funds to build a new water treatment plant on Lake Sinclair. The new treatment plant will service Putnam and Baldwin counties. Jim Pannell and Jon Pannell acted as Bond Counsel on the transaction. The Bonds were issued and sold to the United States of America Department of Agriculture, Rural Development in combination with a grant from Rural Development of $1,907,000 to complete the new plant.