No Property Tax Increase In Peachtree City for FY 2010!!
September 28, 2009 by Greg Saunders
Hey Peachtree City…City Council recently voted by a margin of 3 to 2 not to increase property taxes for fiscal year 2010! However, Council did agree to increase the millage rate to 5.711 mils.
The increase in the millage rate would prevent the usage of cash reserves for the FY 2010 budget. Just in case you are wondering were the money is going….approximately 16.5% is headed to Peachtree City, 67.2% goes to Fayette County School Board, 15.5% goes to Fayette County and 0.7% goes to the State. Three public hearing were scheduled (as required by law) to advertise the increases.
Is the Bank’s “Shadow Inventory” Casting a Cloud on the Real Estate Market?
August 6, 2009 by Greg Saunders
Hey Peachtree City….has anyone noticed that a number of foreclosed homes seem to be just sitting for months on end with no visible effort going on by the banks to actually resell them? It really did not hit me until a client expressed interest in a foreclosed home in my own neighborhood. When I approached
the sales broker for the neighborhood he informed me that the builder had gone bankrupt and the house was going into foreclosure in a few days. ”Call me back”, he said. ”The house will probably a better buy once it comes out of receivership and is back on the market.”
Bank of Georgia Receives “Cease & Desist” from FDIC!
August 4, 2009 by Greg Saunders
The Bank of Georgia is under some major scrutiny as the FDIC served a “cease and desist” to the Peachtree City-based bank. The order basically states that the Bank of Georgia has been cited for a number of banking practices that could represent unsound and unsafe banking practices.
Specifically, the bank was cited for operating with inadequate capitalization for its risk profile. Additionally, the bank was operating with inadequate management citing that those practices are detrimental to the bank and further jeopardize its deposits.
Peachtree City named “Best Affordable Suburb” in Georgia
March 11, 2009 by admin
In March, BusinessWeek Magazine named Peachtree City as Georgia’s Best Affordable Suburb. The selection notes Peachtree City’s lakes and recreation amenities, along with its 90-mile network of multi-use paths and golf carts.
In choosing the best in each state, BusinessWeek focused on towns within 25 miles of each state’s largest city, featuring good schools, low crime, reasonable commutes, strong economies, and overall quality of life.
The magazine evaluated comomunities on a variety of factors but weighted affordability most heavily. None of the places had populations of more than 60,000 or less than 5,000.
NCR Announces Plan For Major Expansion In Peachtree City!
October 28, 2008 by admin
Earlier this afternoon, Fortune 500 company NCR announced plans for a major expansion of its facility in Peachtree City, with plans to establish a global Center of Excellence in Customer Service at its Peachtree City location. An additional expansion will take place at the company’s Duluth facility. In total the two expansions will create 916 jobs in Georgia over the next 26 months, with 560 of those coming to Peachtree City.
The announcement was made by Georgia Governor Sonny Perdue at the Georgia Capital Building. “We welcome NCR’s Center of Excellence to Georgia,” said Governor Perdue. “Georgia’s workforce is widely known for being highly skilled and able to provide quality customer service, which are both qualities that we are proud to contribute to NCR’s continued success.”
Considering Solar Power For Your Home?
October 6, 2008 by Greg Saunders
Okay Peachtree City and Metro Atlanta! With the planet in crisis mode, I’ve also taken the stance to continue
to go green. My garage is now a stable of economical Hondas. My house has been basically rid of toxins with the use of Melaleuca products. So what is the next step? Well, I may be like many of you considering weighing the advantages of solar energy. I know just the thought makes people cringe. But solar design has
come a long way. Solar technology is constantly advancing and creating new ways to capture this renewable energy. The truth be told, solar energy is a consideration for every home no matter where you live.
Stockholders Approve Delta & Northwest Airlines Merger!
September 26, 2008 by Greg Saunders
Well Peachtree City Residents, it happened yesterday, September 25th. The news broke back in April and now Delta and Northwest Stockholders have overwhelmingly approved the proposal for the merger of Delta Air Lines and Northwest Airlines. Here are the facts. Delta stockholders approved the issuance of 1.25 shares of Delta common stock for each outstanding share of Northwest stock to be distributed upon closing of the merger, expected sometime later this year. The proposal was approved by approximately 99 percent of the votes cast by Delta stockholders. Also, more than 98 percent of the votes cast by Northwest stockholders were in favor of the merger.
Uniquely Home! - WoodCreek
August 23, 2008 by Greg Saunders
The WoodCreek subdivision located at the southern border of Peachtree City, is a special place where rural beauty and tradition have been steeped in southern values and culture and meticulously fused with ultra modern urban amenities. WoodCreek is also one of the premier swim and tennis communities in Peachtree City, Georgia. Since its inception in 1994, this tree-lined community of approximately 218 homes has distinguished itself as a family community with various social activities and exceptional recreation facilities.
Greg Saunders
