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Jonesborough approves up to $15 million in bonds to fund new water plant; council OKs related grants and hires
Summary
The Board of Aldermen approved initial and full bond resolutions authorizing up to $15,000,000 in water‑system revenue and tax bonds to finance construction of a new water plant, and approved related grant applications and professional services for connecting roads and a redundant waterline.
Mayor Wolf and the Jonesborough Board of Aldermen on Feb. 13 approved bond measures and grant applications designed to pay for a new water plant and related infrastructure.
The board passed Resolution 2026‑O3, an initial resolution authorizing issuance of water‑system revenue and tax bonds not to exceed $15,000,000, and later approved Resolution 2026‑O6, the full bond resolution authorizing the issuance and sale of those bonds and short‑term bond anticipation notes. Mayor Wolf said the project ‘‘will eventually be funded by USDA Rural Development.’’
Auditor Sina Schmitzrambo of Blackburn, Childers and Stegall told the board the town’s fiscal 2025 audit received an unmodified, or clean, opinion. ‘‘The first two paragraphs is the most important. It says it’s an unmodified or clean opinion,’’ Schmitzrambo said,…
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