Not political/funny--just plain scary

This should scare the bejesus out of everyone. Click on this link up and imagine where we are going as a nation if we don't rein in deficit spending. Look out for that cliff!.

http://www.youtube-nocookie.com/embed/EW5IdwltaAc?rel=0

PEAK at University Parkway

Walton Georgia, LLC has requested annexation/rezoning of about 157 acres near the eastern intersection of Winder Highway and GA 316. The Dacula City Council accepted the application on July 5, 2012.

On July 17, 2012, the Gwinnett County Board of Commissioners objected to the annexation based on several service issues. Georgia law allows a county to object to an annexation based on land-use issues.

I believe this is a win-win for both the City of Dacula and Gwinnett County for the following reasons, especially during this down economy and tax-digest retrenchment.

•           A well thought out and master planned community will strengthen and broaden the tax digest for both the City of Dacula and Gwinnett County.
•          Additional value as the property is developed reduces the need for additional property taxes from current city and county property owners.
•         The development will require little or no additional infrastructure expenditures from either city or county tax payers as the owner/developers will bear the major expenditures of mitigating needed additions to infrastructure.
•         Gwinnett County and the Gwinnett Board of Education will receive approximately 86% of property tax revenue (Dacula’s share about 14%) from the site. Gwinnett County will receive approximately 80% of any SPLOST sales taxes( all Gwinnett County cities receive about 20%, Dacula’s share .002%), and the BOE will receive 100% of ESPLOST sales taxes generated as a result of economic activity of the property. These governing authorities will incur none of the administrative and governing expenses which the City of Dacula will bear.
•          The proposed PEAK project is similar in nature, scope, density,  and height requirements to several developments in other parts of unincorporated Gwinnett County and to one in the City of Buford (an annexation/rezoning by the City of Buford) to which Gwinnett County did not object.
•          Mixed use projects are encouraged in both Gwinnett County’s and the City of Dacula’s Comprehensive Plans, especially along the GA 316 corridor.

Why object? It's a big win for the County and BOE cause they only have a little skin in the game.