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Bradley County files two debt-obligation reports totaling $3.43 million to fund turf installations
Summary
County Mayor D. Gary Davis presented two Tennessee Comptroller debt-obligation reports for interfund loans — Series 2026A ($2,130,826) and Series 2026B ($1,294,986) — describing tax-exempt interfund loans to finance synthetic-turf installation on 12 softball/baseball fields and related turf-base work; reports were recorded as attachments.
Bradley County presented two Comptroller of the Treasury debt-obligation reports at its Aug. 3 meeting that detail interfund loans to finance synthetic-turf work on county athletic fields. The two reports list face amounts of $2,130,826 (Series 2026A) and $1,294,986 (Series 2026B), a combined total of $3,425,812.
The forms describe both issues as tax-exempt interfund loans secured as general obligation debt and state the purpose as 100% financing for installation of synthetic turf on 12 softball/baseball fields (Series 2026B) and turf base work for 12 fields (Series 2026A). Scheduled annual principal amounts and a 3% interest assumption appear on the maturity schedules. Series 2026B lists final maturity April 1, 2038; Series 2026A lists final maturity April 1, 2046.
Each report includes submission details: the reports were prepared by accountant Caleb Burris and signed/verified by County Mayor D. Gary Davis. The forms note the Comptroller receipt date as July 17, 2026, and that the reports were to be presented and delivered to members of the governing body on Aug. 3, 2026.
The meeting minutes record the mayor’s presentation of the two debt-obligation reports and note they were entered into the record as attachments; there is no separate roll-call vote on the debt reports recorded in the minutes.
