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Hermitage council approves a package of routine financial measures including $5,000 donation and fiber contract
Summary
At an emergency meeting June 16, the Hermitage City Council approved several routine items: a $5,000 contribution to the Cornstalk Cats Historic Preservation Organization, a Harmon Utility Board fiber services agreement for municipal facilities (excluding two fire stations under contract), a short-term $300,000 CD investment, and motions to pay bills and approve minutes.
The Hermitage City Council on June 16 approved a set of routine financial and administrative measures during an emergency meeting at City Hall.
Council voted to approve a budgeted $5,000 contribution to the Cornstalk Cats Historic Preservation Organization after a motion by Councilman Brackett and a second from Councilwoman Laxton. The motion carried on roll call.
The council also approved a proposal from the Harmon Utility Board to provide fiber internet service to the Harmon Municipal Building and multiple auxiliary city facilities. Council members discussed plan lengths and preferred the five-year option, and noted that two fire stations were not included because they remain under existing contracts. The motion to accept the Harmon proposal was made by Councilwoman Laxton and seconded by Councilman Johnson; the motion carried.
Finance staff recommended placing up to $300,000 from the capital projects fund into a six-month certificate of deposit at One Bank to earn interest while the funds remain unspent. Staff estimated an interest rate of about 3.3% on the amount; council voted to approve the allocation.
Earlier in the meeting the council approved a motion to pay the city's bills and approved the minutes of its June 2 meeting. All routine motions carried during the session.
The action items were presented as part of the council's regular business agenda and received limited discussion. Finance staff framed the CD investment as a short-term way to earn interest on idle capital-projects funds; the Harmon proposal discussion focused on contract length and the practical exclusion of two fire stations under existing agreements.
The council will meet again in a special called session at 6:00 p.m. June 30 at City Hall, after the body voted to waive the agenda rule to set that meeting.
