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Oak Ridge council approves interfund loan, cybersecurity grant pursuit and emergency transformer purchase
Summary
Council approved a $12 million interfund note to support the waterworks fund cash flow, authorized negotiating an airport consultant contract, approved pursuing a $750,000 cybersecurity grant and authorized an emergency transformer purchase of $1.42 million after a catastrophic failure at Substation 700.
Oak Ridge City Council approved several finance and infrastructure measures at its December meeting to address cash‑flow and system resilience while moving forward on airport planning.
Finance director Carrie Bates described a short‑term cash‑flow gap arising from water treatment plant construction and slow federal reimbursements. “We have currently experienced a lot of slow pay. We're waiting on about $8,500,000 from the EPA,”…
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