Cleveland City Council Votes To Hire Financial Advisor For 18 Months

Tuesday, November 25, 2014 - by Hollie Webb

In a Monday Cleveland City Council meeting, the council voted to start looking for a financial advisor to hire for an 18-month period. 

Councilman Bill Estes made the motion. He said an advisor could help the city "refinance any and all of our debt that can save us money." Some of that debt includes paying off the $11 million cost of the Cleveland High School gymnasium.

He said that without the help of an advisor, the city would not be able to "go after" fixed debt or variable debt.

Councilman Richard Banks and Vice Mayor George Poe agreed.

A woman who lives near the Greenway also spoke during the meeting, concerned that the borders of the Greenway would end up in her backyard.

Councilman Estes said that the project was going piece by piece and that new developments depended on grant money each year.

Councilman Banks said that several people from his district had called, concerned about possible protests over the Ferguson, Mo. situation scheduled in areas near Cleveland.

He said public safety was the most important priority of the city. He and Councilman Avery Johnson also suggested putting together a type of public safety council where citizens of different districts and communities 

A resolution was also passed authorizing Mayor Tom Rowland to sign a grant application for $1,975,000 on behalf of Hardwick Clothes, Inc. If the grant is awarded, the money will help retain over 200 jobs and possibly create over 300.

The council also voted to cancel the Dec. 22 meeting in light of the proximity to the holidays.



Get Emailed Headlines From Chattanoogan.com; Like Us On Facebook, Twitter For Instant News

We send out headlines each day of the latest Chattanooga news.  Our news headlines have links that take you to the stories with a click. We also send out special emails if there is a highly significant local news story breaking so you will be aware of it quickly. To be added to the email headline list, just email us at news@chattanoogan.com In addition, like us ... (click for more)

Tennessee-Led Coalition Seeks Documents From Opioid Manufacturers And Distributors

Attorney General Herbert H. Slatery III on Tuesday announced a bipartisan coalition of Attorneys General seeks documents and information from manufacturers and distributors of prescription opioids as part of multistate investigations into the nationwide opioid epidemic. This information will enable the attorneys general to evaluate whether manufacturers and distributors engaged ... (click for more)

Tired Of Property Tax Increases

Why is it every time the city of Chattanooga and Hamilton County want to raise money they have to punish the homeowners?  I'm sick of the few paying for the many.   If you want to be fair, I would not complain on a 1/2 cent local sales tax raise since everyone would have to contribute their fair share.  Or how about a wheel tax which would get everyone who owns ... (click for more)

Roy Exum: Third Son Takes His Life

Steven Ferrin, described by his parents as “a handsome, bubbly and witty young man,” was the victim of what is called “a sectarian attack” in recent weeks near his home in north Belfast (Ireland) and last weekend was found dead after the 31-year-old father of a 7-year-old girl had taken his own life. Compounding the tragedy is the horrific news that Steven’s other two brothers and ... (click for more)

Boyd-Buchanan Rallies To Sweep Notre Dame

Home court advantage plays a vital role in many sports, but especially in high school volleyball. The Boyd-Buchanan Buccaneers went to Notre Dame on August 22 for a critical district match and they headed back home after losing a close match by a 3-1 margin against the Lady Irish. The shoe was on the other foot Monday night as they two teams squared off at Boyd-Buchanan’s ... (click for more)

Moving From Florida Debacle, Jones Says: 'I'm Responsible'

Tennessee football coach Butch Jones, under heavy criticism after the Vols’ disappointing last-play loss at Florida, said Monday the resulting team's sense of urgency “starts with me. … I’m responsible.” Jones made the remarks at a weekly press conference in Knoxville, Tennessee, as the Vols begin preparations for Saturday’s home game against UMass. Referring to numerous ... (click for more)