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.

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.