JONESBOROUGH, Tennessee (WJHL) – At the Jonesborough Council of Mayors and Aldermen meeting in February, the council formally approved a resolution authorizing a loan of $ 32,750,000 from the Department of Agriculture’s community facilities program. United States.
“We did well in that the interest rate we were looking at is actually lower than we thought, so that’s positive,” Jonesborough Mayor Chuck Vest told News Channel 11 .
Vest said the board was considering an interest rate of 3% as the maximum the management body could agree to, but final negotiations resulted in the board finalizing a rate of 2.75 for cent with USDA Rural Development.
In November 2019, the mayors of the city of Jonesborough and Washington County met to finalize and sign the contract for the construction of a new K-8 school. According to Vest, Jonesborough Town Administrator Bob Browning acted as a broker throughout the negotiation process when planning the school project.
Here’s a look at the resolution approved by the board on Monday:
“Bob Browning has done a good job of getting feedback from the school system on what they would like to see in a school, so in that sense we’re way ahead, but getting the contracts signed by the architects and working with Rural Le Development has been a bit more of a process, but it’s coming to an end soon here too, ”said Vest.
Vest told News Channel 11 that the best scenario would be to have the design committee approve a detailed plan to be submitted to the school board “hopefully by the end of this year.”
Vest estimated that the project will be completed by the end of 2021, but could last until 2022.
Browning’s removal from his role as city administrator was also mentioned at Monday’s meeting.
“Once we approved this school project, we kind of twisted his arm not to retire and he is happy not to, but he will take on a different role than he is.” currently, but his main responsibility will be the completion of the school project and the park project and the Jackson Theater, ”explained Vest.
At the January Jonesborough BMA meeting, a design committee was appointed to move the K-8 school project forward. Browning will serve on the K-8 school project committee on behalf of the town of Jonesborough and, according to Vest, will continue to serve the town during the school project.
Vest told News Channel 11 that once the architects finish signing the contracts with the town of Jonesborough, the design committee will most likely meet later this month.