Cookeville Approves Debt Resolution, New Fiscal Year Budget
Cookeville City Council approved a resolution Thursday night allowing the city to incur debt and pay it back with proceeds from bonds. Finance Director Brenda Imel said the decision would allow the city to move quickly if needed to spend money on the proposed aquatic facility or for some of the city’s major road projects. […]
Cookeville Wants To Take Advantage Of Current Rates For Bond
Cookeville City Council will consider a resolution Thursday night to begin the process of issuing some $10 million in bonds. City Manager James Mills said that the bond issue could be used to start working on the aquatics facility and on other capital improvement projects. “We want to get started now because we’re concerned,” Mills […]
Cookeville Approves Updated E. Spring Street Sidewalk Project Contract
Cookeville City Council approved Thursday night to rescind the city’s current contract for work on the East Spring Street Sidewalk Project. Public Works Director Greg Brown said that construction costs and delays have forced the city to split the project into phases, rendering the most recently approved contract ineffective. Council then approved a contract that […]
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 […]
Cookeville Approves First Budget Reading Thursday
Cookeville City Council approved the first reading of its new fiscal year budget Thursday night. The budget features $29.9 million in revenues with some $29.45 million in expenses. Expenses increased some seven percent. Finance Director Brenda Imel said the city will focus on increasing pay for city employees starting with an adjustment to the city’s […]
Cookeville Amends Its 2030 Land Use Plan; Replaces Playground
Cookeville City Council approved just the third amendment to the 2030 Land Use Plan at its Thursday meeting. The West Broad Street area from Pippin Road to County Farm Road will now be eligible for local commercial development. Planning Director Jon Ward said the impacts of the tornado and the extension of sanitary service to […]
Cookeville OKs Bond For Police Station, Fire Trucks
Cookeville City Council authorized the issuance of $19 million in bonds to pay for the Cookeville Police Department construction and the purchase of two fire trucks. “This resolution before you represents the first step in the process to issue general obligation bonds,” Finance Director Brenda Imel said. The next step in the bond process will […]
Cookeville Tax Rate Unchanged On 1st Budget Reading
The Cookeville City Council approved a new budget with no property tax increase on first reading Thursday night. The tax rate remains at 99 cents per $100. One cent equates to about $89,000 in revenue. 72 of that 99 cents goes to the general fund. That represents a one cent increase with the money coming […]
$29.6M Cookeville Budget Up For Vote Thursday
Cookeville City Council will vote on a $29.6 million budget Thursday night. Cookeville Finance Director Brenda Imel said the overall budget shows a deficit, but that number includes capital expenditures. The total budget shows a $536,000 deficit. The actual operating budget minus capital expenditures shows a surplus. The proposed budget includes longevity raises for city […]
