Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the County Finance topic
No spam. Unsubscribe anytime.
Dickson County Commission authorizes grant application, approves bond notes and records $435,000 borrowing announcement
Summary
At its Oct. 15 meeting the Dickson County Commission authorized applying for a Select Tennessee Site Development Grant (up to $500,000) for about 55 acres along Old Highway 46, approved issuance of Series 2018 bond anticipation notes up to $500,000, and recorded a $435,000 borrowing transaction for landfill CT0253.
The Dickson County Commission on Oct. 15 unanimously approved a resolution authorizing the county to apply for a Select Tennessee Site Development Grant to support improvements on roughly 55 acres owned by the county along Old Highway 46 (Tax Map 136, Parcel 046.07). The grant is a 50/50 program; the county will match any grant funds actually received and sought up to $500,000.
Commissioner Carl Buckner moved to authorize the grant application and Commissioner Jeff Eby seconded; the motion passed by a unanimous aye voice vote. The resolution was recorded as 10-2018-02.
In a related financing action, the commission also approved Resolution 10-2018-03 authorizing the issuance of interest-bearing general obligation bond anticipation extension notes, Series 2018, in an amount not to exceed $500,000, with provisions for payment of those notes. Commissioner Randy Simpkins moved the measure and Commissioner Carl Buckner seconded; the motion passed by unanimous aye voice vote.
Separately, Mr. Don Hall announced a borrowing transaction of $435,000 for landfill account CT0253; the announcement was recorded in the minutes but no separate motion or vote appears tied to that announcement in the meeting record.
The discussion and votes were procedural and unanimous; the motions and outcomes leave the county positioned to pursue state site-development funds while authorizing short-term debt instruments to support county financing needs. The grant application, if awarded, would require a county match equal to the grant amount actually received.
