Hamilton County commissioners pass $90 million credit line after second vote

Hamilton County commissioners pass $90 million credit line after second vote

August 1st, 2013 by Louie Brogdon in Local - Breaking News

Staff Photo by Tim Barber The Hamilton County Courthouse is seen through the many hardwood trees that make up the landscape at Walnut and Seventh Streets.

Staff Photo by Tim Barber The Hamilton County Courthouse...

In a second attempt to lock down a $90 million line of credit, Hamilton County Commissioners voted today to accept the line - after much discussion.

The hangup came over a 12 percent upper limit interest rate on the coupon rate to sell the bonds down the road.

Commissioners in July rejected the same resolution, but after a question and answer from county staff and a contracted financial analyst, the vote passed 8-1, with Commission Fred Skillern voting no.