Roof loan resolution passed
The 12-year note will have a 1.950% variable rate and includes $10,980 in costs and underwriter fees.
Work on replacing elementary school roofs has been approved by county commissioners. At last Thursday’s commission meeting, the board voted unanimously to authorize a loan agreement for the project. Along with Copper Basin Elementary, Benton Elementary, and Chilhowee Middle, authorization was also given to accept bids on the roof at South Polk Elementary.
County Executive Hoyt Firestone explained the loan was coming from the Tennessee Municipal Bond fund, the same fund used previously for buses. The 12-year note will have a 1.950% variable rate and includes $10,980 in costs and underwriter fees.
Firestone told the board a continuing funding source would be needed to pay the loan. He said some funding could come from debt service, but the county could not do that for multiple years.
Daren Waters asked about problems with the roof at Copper Basin High School. Director of Schools James Jones explained that the two issues did not need to get mixed up. He said it was a completely different company, different project, and different warranty. He said there was a 10-year warranty of the roof at CBHS, and the new roofs will have a 20-year warranty.
In other business, commissioners approved the clarification on wording for the vacation policy in the employee handbook. No employee will be able to accrue more than 15 vacation days.
James Woody asked if there were any employees currently over the 15 days. Firestone said there was at least one. He said there was one at the sheriff’s department, but they had their own policy. John Pippenger voted against the policy; all others voted yes.
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