Porter: Additional Bond For PCSS Could Be Feasible Around 2025/2026
Putnam County Mayor Randy Porter said a $31 million bond capacity for the school system could be feasible in the future. Porter said the school system is potentially looking at coming up around 2025 or 2026 to ask for an additional bond. He said that is about when the county should have paid off some […]
Putnam Commission Votes Against Additional Park View School Bond
Debt load, economic uncertainties and the real need cited as reasons Putnam County Commissioners voted against the bond to build the upper grade wing of Park View School. A 12 to 12 vote Tuesday night means the $16.5 million bond proposal failed to reach a majority. Commissioner David Andrews voted against funding the project. He […]
Cookeville To Consider Bond For Road Improvement Projects
Cookeville City Council will consider moving forward Thursday night with another general obligation bond issuance of some $10 million. City Manager James Mills said the bonds would help with three projects: Phase II of the East 10th Street widening, Phase I of West Stevens Street improvements, and reimbursing the city’s general fund for the land […]
Cookeville Approves Electric Department Bond Refunding
Cookeville City Council approved refunding the final outstanding bond issue from 2012 used for the construction of the Electric Department’s southwest substation. Finance Director Brenda Imel told city council members Thursday night that the original bond was some $4 million. “So the benefits of doing this is the interest on the remaining payments for the […]
Putnam Receives Bond Funding For Jail And School Projects
Putnam County has gotten the money from the $98 million bond paying for the jail expansion and new school project. Mayor Randy Porter said the money will be repaid over 25 years coming out to about $5 million a year. ‘I wanted to get the bond issued as soon as I could, very concerned about […]
Double Springs Utility Using $1.2 Million Bond For Main Line Upgrade
The Double Springs Utility District is finalizing a $1.2 million bond for a main line improvement near Highway 70. Board President Lynn McHenry said the water line from Locust Grove Road to Highway 56 will increase from an eight inch to 12 inch line. “We of course have an increase in usage in that end […]
Putnam Bond Moving Quickly While Interest Rates Are Low
The process is moving quickly after this week’s $98 million bond approval by the Putnam County Commission. Mayor Randy Porter said the process is getting an extra push because of the current low interest rates Porter said the county’s bond rating will go out to interested bidders, then typically large banks will compete to be […]
Putnam Sheriff Says Jail Expansion Will Affect Offender Sentencing
Putnam County Sheriff Eddie Farris said Monday night’s commission vote to approve a $52.7 million jail expansion bond is a very important moment. Farris said the jail has been under a Tennessee Corrections Institute plan of action to address overcrowding since he became sheriff. Farris said the over 600 beds will affect sentencing for offenders […]
Putnam Commissioners Approve $98 Million Bond For Jail Expansion, New School
By a 23-1 vote Monday night, Putnam County Commissioners approved a $98 million bond proposal to fund jail expansion and a new K-8 school. Commissioners spent very little time debating the proposals Monday night, which have been discussed for several years. Only District Four Commissioner Theresa Tayes voted no. Commissioner Cindy Adams cited a concern […]
Putnam Commissioners Ask Questions On New School, Jail Expansion
Putnam County Commissioners will vote next week on a $98 million bond referendum. The bond will include $44.7 million for the new K-8 school, located off Lee Seminary Road, and $52.7 million for the jail expansion. Putnam Schools Director Corby King said the upcoming projects present an exciting time for the county. “As Commissioner Atwood […]
