Hamilton County Mayor Jim Coppinger comments on a portion of his budget to county commissioners in this file photo.
In other business, commissioners voted to consider:* Rezoning property at 8600 North Hickory Valley Road from R-2A rural residential to R-3 apartment townhouse district.* Accepting a $61,697 bid for rust removal from cell walls at the county’s Silverdale facility.* Donating jointly owned property on Moccasin Bend to the U.S. National Park Service for inclusion into the Moccasin Bend National Archaeological District. The city of Chattanooga voted Tuesday to donate its portion.* Accepting a three-year proposal from First Tennessee Bank to place ATMs in the Hamilton County Courthouse and the City-County Courts Building.
Hamilton County commissioners next week will vote on an agreement for a $90 million credit line, a proposed policy to allow county employees to swap paid leave time in emergencies and elect their new leadership.
The commission’s finance committee Thursday supported an agreement with U.S. Bank National Association to open a $90 million credit line. The line of credit is to be used for public works projects on an as-needed basis.
Mayor Jim Coppinger cited the $1.3 million in repairs to the W Road in April as an example of the kind of project for which the line might be used in the future.
Commissioners last month tabled an initial resolution to seek the credit line after some felt that a 12 percent upper limit interest rate on the coupon rate to sell the bonds was steep. But after hearing from county staff and a contracted financial analyst, the commission later passed the resolution 8-1, with Commission Fred Skillern voting no.