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Commission approves binding MOU to pass through funds for signalized intersection after debate
Summary
Following questions about liability and fund management, the commission approved a binding memorandum of understanding that will let the county act as a financial pass-through for the installation of a signalized intersection tied to a private development and Pellissippi State funding.
The Blount County Board of County Commissioners voted 15–2 on Thursday to adopt a binding memorandum of understanding allowing the county to act as a financial pass-through for funds tied to a signalized intersection project.
The item, introduced as Resolution 25-6-012, would permit the county to receive funds from the Pellissippi State Board of Regents and relay them to a private developer for construction of a signalized intersection at a project known in the meeting record as Bridal Acres/Gray Bridal Acres. County staff said Tennessee Department of Transportation (TDOT) declined to act as the financial intermediary and that the Board…
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