Cookeville Approves Five-Year Parking Lot Lease
Cookeville City Council approved a new five-year lease Thursday night for a parking lot on Church Avenue. The city will pay Tennessee Tech $1 annually for the use of the land, which includes a 15-year option. Finance Director Brenda Imel said it is located between Spring Street and Broad Street, and would be part of […]
Putnam Industrial Development Board Continuing To Monitor SAIC’s Employment Progress
The Cookeville Industrial Board continues to monitor SAIC’s progress after extending its job compliance agreement with the city. Chairman Bob Bell said the arrangement to have 300 technical employees by last year was made difficult by the pandemic. The extension was set to end this month, but Bell said the company had been working diligently […]
Cookeville City Council to Refinance Bond Issue
Cookeville will refinance the $6.74 million remaining on the bond that built Tennessee Avenue. City Council voted unanimously Thursday night to refinance the 2015 bond issue. Cookeville Finance Director Brenda Imel said the city will save some $312,000 on the bonds. “Cumberland Securities is the municipal advisor, their estimated fee is about $20,655, and then […]
Cookeville IDB Grants One Year Job Compliance Extension To SAIC
The Cookeville Industrial Board approved SAIC for an one year extension for its job compliance agreement with the city. Chairman Bob Bell said the company felt like they could not reach the 300 tech employee arrangement by June 2022. “Given the stage of federal government contracts and that’s mainly what they do here in town […]
