The Scottsboro City Council and Mayor, Attorney and clerk. From left to right, Mayor Potter, Council Member Gary Spears ( Mr. Spears is absent on every other Monday due to pursuing his doctorate degree.), Council Member Thermon Bell, City Clerk Cathy O'Shields, City Council President Matthew Hodges, City Attorney Steve Kennamer, Council Member Carol McCrary, Council Member Keith Smith.
New Business item 1) Rules were set aside and the Recovery Zone Economic Development Bond issue was approved. Mayor Potter and Mr. Larry Ward of Morgan Keegan, Birmingham, finalize the Recovery Zone, RZED, $6.5 million loan for the City of Scottsboro's Service Road extension project on John T. Reid Parkway. 45% of the bonds interest will be payed by the U.S Government. Mr Ward highlighted Scottsboro's Bond rating was responsible for the 3.42% interest rate Scottsboro RZED Bond issues. More info on RZED bonds: http://www.occ.treas.gov/static/community-affairs/community-developments-investments/spring10/articles/bond/cde10spring04.htm
Item 5 on the council's agenda was the City Council Committee assignments. There will be an Administrative Committee meeting after next Mondays Council meeting, Nov. 15, 2010 in the Conference room area. It has been my experiance the administrative meetings usually involve all council members..
City Council Outline: 1) RZED Bond issue, see picture above with story. 2) Commercial Development Authority Board appointment to finish the term of Janet Sage ending in March 2011, Patrick Stewart was appointed by Mr. Bell. 3) Annual one time pay raise for city employees approved, full time-$150, part time $75, temporary $50. 4) Solid Waste Authority bid openings for truck awarded to Tractor and Equipment of Decatur, Al. for $153,920. 2 bidders did not meet bid specifications. 5) Council member committee assignment list, see above picture.
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