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Borrowed money paves way to road improvements
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McMinnville officials are moving forward with a plan to begin paving city streets this summer. The city is in the process of borrowing $2 million.By resolution, the city will “borrow funds and incur indebtedness in the principal amount not to exceed $2 million by obtaining a loan from the Public Building Authority of the city of Clarksville.”“It sounds like we are borrowing money from the city of Clarksville,” said Vice Mayor Everett Brock.The resolution was passed unanimously 6-0 with McMinnville Mayor Norman Rone, Brock and Aldermen Jimmy Haley, Billy Wood, Clair Cochran and Junior Medley voting for the measure. Alderman Rick Barnes was absent.Funds will be used to begin paving 51 streets at a total cost of $2.1 million.