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.


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