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Posted on: January 8, 2019

Notice of Intent to Sell

The City of Powder Springs hereby provides notice of its intent to sell to Cobb County for an amount of $5,500,000 payable at $550,000 per year for ten years the City's water and sewer operation, City's water distribution system, City's sewage collection system, and real and personal property interests of the City related to same. The City intends to close on the sale in April 2018 and provide the County a list of all customers and all records related to the system, including customer deposits. The City employees will receive continuation of employment with the County on agreed upon terms. The County’s first payment will be the first day of the month following Closing and will be taken from the revenues resulting from the transfer of fees from the City to the County.

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