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Sports authority approves bond payment, hears construction and contingency update
Summary
The Sports Authority approved an upcoming bond payment due June 1 and reviewed construction progress and contingency funds; staff recommended considering a third-party commissioning firm and discussed structured cabling quotes.
The Sports Authority in Crossville voted to proceed with a bond payment due June 1 after staff said processing the payment early would provide time to cut a check and meet the deadline. The chair opened the item and the motion to approve the payment was moved and approved by voice vote.
Why it matters: The authority is overseeing construction of a new facility and staff said moving the bond payment forward avoids tight turnaround times that could delay payment processing. The presenter also gave an update on the project’s contingency balance and recommended commissioning and cabling decisions that…
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