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City of McKenzie Refinances $2.6 Million Bond

Posted 9/15/20

McKENZIE (September 10) — During its September meeting, the McKenzie City Council approved Mayor Jill Holland’s request to refinance the city’s 2019 loan for energy savings program …

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City of McKenzie Refinances $2.6 Million Bond

Posted

McKENZIE (September 10) — During its September meeting, the McKenzie City Council approved Mayor Jill Holland’s request to refinance the city’s 2019 loan for energy savings program that included LED lighting and electronic water meters. The 2019 bond loan has an outstanding balance in the principal amount of $2,648,995.

Carroll Bank and Trust in McKenzie and the Tennessee Municipal League (TML) entered into partnership for refinancing the original bond with a new interest rate of 2.5%. Councilman Brian Winston, a loan officer for Carroll Bank, abstained on his turn to vote to prevent a conflict of interest in the council vote of approval.

The council approved a bid by Insituform Technologies, LLC from La Vergne, Tennessee in the amount of $497,550.50 for the next portion of the City of McKenzie’s sewer system rehabilitation. The rehabilitation is an ongoing project through a community development block grant program from the U.S. Department of Housing and Urban Development.

In further discussion the council made its recommendation to City Attorney Laura Keeton on amending the city’s fireworks ordinance. The council advised Keeton to draft the amendment to narrow the sale and shooting of fireworks to ten days (June 26 - July 5) with a quiet time starting at 10 p.m.

Under financial matters the council approved payment to Zeager Brothers for $5,402.32 and $3,995 to Custom Recreation for the purchase and spreading of treated mulch on the playgrounds. The McKenzie Rotary agreed to donate approximately $5,000 towards the purchase of the specially treated mulch.

Ordinances 532 and 533 were approved on the second reading. Ordinance 532 established a litigation fee of $13.75 on court costs. Ordinance 533 added the term “grass” in order to address ongoing complaints the city had received from residents about mowed grass clippings blown onto the city streets.

For the second month in a row the council approved the Police Department’s “Grooming Standards Board.” The department will adjust its policy to reflect the new changes for facial hair and approved tattoos. The committee does not write policy; they use policy for approval/declination decisions. Because of the department size, the committee is tasked to act as the “Medals and Commendations.” They would review and approve/decline requests, recommendations and letters for officers and civilians to receive medals, certificates or ribbons for meritorious acts and valor or community support and involvement. As written in policy, all decisions made by the committee may be reviewed and changed by the Chief of Police. As a matter of protocol, the Chief of Police or any supervisor may make/take corrective action for any violations and infractions of policy.

The next regularly scheduled meeting of the City of McKenzie Board of Mayor and Council is October 8 at 6 p.m.

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