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Tellico Area Services asks commission to allow bond financing for a new 10 MGD water plant
Summary
Tellico Area Services Superintendent Mark Clinton asked the commission to approve a resolution authorizing TASS to pursue roughly $20.5 million in bond market financing as part of a 27–30 million dollar project to build a 10 million gallon-per-day water treatment plant on the Lenoir campus; the measure will appear on the commission’s April 6 agenda for formal action.
Mark Clinton, superintendent of Tellico Area Services (TASS), told the Loudon County Commission workshop that TASS is seeking permission to go to the bond market as part of financing for a new water treatment plant on the Lenoir campus.
Clinton said the initial borrowing request will be for $20.5 million and that the total project is estimated at between $27 million and $30 million. He…
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