|Published: 8:54 AM, 08/15/2013
||Last updated: 8:55 AM, 08/15/2013
Author: Nelson Morais
Source: The Newport Plain Talk
NEWPORT-Newport City Council members seemed to be in a
"no" mood during their meeting on Tuesday, Aug. 13.
Council members decided against moving forward to change
most of the city's approximately $5 million debt left on two of the city's
three loans, from a currently low variable interest rate, to a fixed rate, in
order to hedge against rising interest rates in the future, when they met Tuesday,
Council members also turned down two options from the
Tennessee Department of Transportation to change the signalization of traffic
lights in downtown Newport.
In another matter, Council members voted to void a type
of contract they passed in 2009 to beautify the on ramps and exit ramps for
Exit 425 on Interstate 40 because they feared the city's Parks & Recreation
Department would be too heavily burdened with cutting grass and maintaining new
plants that would be planted in the four quadrants.
Before the vote, Alderman Kenny Morgan said, "I'm
not comfortable with the mowing" that TDOT would leave for local city
employees to handle. TDOT apparently offered to mow the areas twice a year.
For more details, please see the Thursday edition of the
Newport Plain Talk.
Subscribe to The Newport Plain Talk by clicking SUBSCRIBE.
Sign up for Breaking News emails from The Newport Plain Talk by clicking EMAIL ALERTS and inputting
your email address next to "Add Me" near the top right corner.