26 Mar, 2010 Brunswick-Glynn County Joint Water and Sewer Commission
One March 25, 2010, Gray & Pannell acted as bond counsel to the Brunswick-Glynn County Joint Water and Sewer Commission in the issuance of $13,000,000 of refunding revenue bonds. The bonds were issued for the purpose of constructing water and sewer improvements in Glynn County in the vicinity of Exit 29 and Interstate 95. The bonds were issued as short term obligations to refund existing debt and in anticipation of the acquisition of the water and sewer systems of Glynn County and the City of Brunswick by the Commission. It is anticipated that the upon the acquisition of the water and sewer systems of the County and City by the Commission in June of 2010, the $13,000,000 revenue bonds will be redeemed along with all other obligations of the County and City relating to their respective water and sewer systems. Gray & Pannell has been working with the County, City, and Commission since early 2008 on the acquisition of the water and sewer systems by the Joint Water and Sewer Commission.