Marshall County to borrow $1.1 million

Friday, October 19, 2012

By Clint Confehr

Senior Staff Writer

Marshall County commissioners are poised ready to borrow up to $1.1 million.

A resolution for that is recommended by the county's Budget Committee led by Commissioner Barry Spivey who's set to introduce the resolution during the commissioners' 6 p.m. meeting on Monday.

The dollar amount is to provide more money to the school system for building repairs and to the Roads Department to purchase equipment.

If approved as anticipated, the resolution will authorize the Budget Office to advertise for bids on the loan contract. A date for that has not been set.

The commission meets in the Marshall County Courthouse Annex at the corner of Commerce Street and First Avenue.

Also Monday, commissioners are scheduled to authorize County Mayor Joe Boyd Liggett to sign a grant agreement with the Tennessee Department of Transportation for a cost sharing agreement between Lewisburg, the county and TDOT to pay for the extension of infrastructure further into the city's Interstate 65 Commerce Park.

Drainage, site, water and sewer improvements are planned to help the city's economic development office deliver on agreements with a business that's to move here from another state and increase employment.