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Commission authorizes up to $135,000 in capital outlay notes to buy landfill backhoe
Summary
By a 19–2 vote, commissioners authorized issuance and sale of up to $135,000 in three‑year capital outlay notes to finance a new backhoe for the county landfill (Res. 2023‑073); the notes pledge the county's full faith and credit and require Comptroller approval.
The Claiborne County Commission passed Resolution 2023‑073 authorizing issuance, sale and payment of up to $135,000 in three‑year capital outlay notes to finance a backhoe for the county landfill. The resolution passed on roll call 19–2.
The resolution designates the notes as Claiborne County Landfill Backhoe Capital Outlay Notes, Series 2023, with a maximum interest rate not to exceed 6% and a maturity not to exceed three fiscal years after issuance. Proceeds are to be used to finance the landfill equipment purchase and are pledged against the county’s full faith and credit; the resolution also contemplates mandatory amortization and Comptroller approval required before sale.
Commissioner Anthony Rowe moved the resolution; the measure passed with strong support and two opposing votes recorded in the minutes.
What happens next: County officials will pursue Comptroller approval and finalize the sale terms with a purchaser. Notes must be amortized consistent with the resolution and the county’s budget practices.
