Posts Tagged ‘bond’

Judge weighing decision in bond issue petition

MERIDIAN — A judge will decide whether Lauderdale County officials erred in not calling an election on $14-million bond issue after a petition was filed by opponents. Chancery Judge Larry Primeaux heard arguments yesterday from county officials and opponents to the bond issue. Primeaux said he would rule later on whether the June approval of […] [...]

Hearing set to begin next month in lawsuit over county bonds

MERIDIAN — A Lauderdale County judge will hear arguments Sept. 10 in a lawsuit challenging the county’s plan to borrow $14 million for courthouse renovations and for three recreational facilities. The county board of supervisors voted in June to issue the bonds. WTOK-TV in Meridian reports that a lawsuit against the bond issue was filed […] [...]

City to hold meetings over major sewer/water rate hike plan

JACKSON — The city of Jackson will host a series of town hall meetings to discuss a proposed water and sewer rate hike. Water rates would rise 29 percent under the proposal, from $2.48 to $3.21 per 100 cubic feet, or 748 gallons. Sewer rates would more than double, from $2.15 to $4.47 per 100 […] [...]

Financial firms in competition for hospital trust fund

COLUMBUS — Twelve financial firms have submitted proposals to manage Lowndes County’s $30 million hospital trust fund. The county wants a bigger return on its investment of those funds. Board of Supervisors president Harry Sanders told the Commercial Dispatch that the county hopes the 0.2 percent ($60,000 annually) interest the county has recently earned on […] [...]

College Board approves university construction projects

AROUND MISSISSIPPI — Mississippi’s College Board has approved the top 10 construction priorities of the state’s universities. Here is the total amount requested from the Legislature by each institution for the top 10, as well as the top two projects from each: ___ Alcorn State University Total for top 10 projects: $56.2 million. Top projects: […] [...]

Supervisors vote to add yet another bond issue

MERIDIAN — As Lauderdale County officials prepare to pay off one bond issue, supervisors voted this week to add another $14 million bond issue for city and county recreation projects, as well as courthouse renovations. Before the board of supervisors’ action this week, there were 11 outstanding bond issues currently being paid for in the […] [...]

Opponents of recreational bonds fail to get needed signatures

MERIDIAN — Opponents to a $14-million bond issue in Lauderdale County have fallen short of their goal to force a countywide election on the proposal. The Meridian Star reports the county circuit clerk completed the process of verifying signatures on a petition Wednesday. Circuit Clerk Donna Jill Johnson says there were 1,338 valid signatures that […] [...]

In wake of bond issue failure, golf course fights to stay playable

MCCOMB — The state parks director is optimistic his agency can come up with the money to restore bug-eaten greens at Quail Hollow Golf Course this summer, despite the failure of the Legislature to approve a parks bond issue. Ramie Ford spoke to some 60 golfers on the patio behind the Quail Hollow clubhouse at […] [...]

Senator claims Obama has cost TVA hundreds of millions of dollars

NORTH MISSISSIPPI — Sen. Lamar Alexander (R-Tenn.) says President Barack Obama’s plan to consider selling the Tennessee Valley Authority has already cost hundreds of millions of dollars — even if the nation’s largest public utility is never sold. The Tennessee Republican said TVA bonds lost about $500 million in value after the president’s announcement last […] [...]

Council gives nod to borrowing for downtown baseball stadium

BILOXI — The Biloxi City Council has voted 5-2 on a resolution that could lead to the borrowing of $20 million for the construction of an athletic stadium. Councilmen George Lawrence and David Fayard voted against the plan. WLOX-TV in Biloxi reports Councilman Ed Gemmill told other council members that a downtown baseball stadium would […] [...]

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