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Council discusses plan to finance replacement dump and sanitation trucks; no vote yet
Summary
Staff outlined a plan to use a Tennessee Municipal Bond Fund note of up to $450,000 to buy a dump truck (with snow equipment) and a sanitation rear-loader; council asked questions and staff said final figures will be returned at the next meeting.
East Ridge staff told the City Council on July 10 that the city plans to finance replacements for a city dump truck and a sanitation rear-loader through a capital note with the Tennessee Municipal Bond Fund and requested preliminary approval to pursue financing, but the council did not take final action at the meeting.
Staff said the city seeks to replace a 2009 F-150 dump…
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