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City, county vote to end lawsuit
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City and county officials ended a 40-year agreement and two years of litigation over local option sales tax Monday night. A new 25-year agreement will return 4 percent of the amount in question, compounded annually, with the city retaining all the revenue by 2037.Based on estimates which regularly put the amount at stake in the lawsuit around $2 million a year, the county would return about $80,000 to the city annually.McMinnville officials voted 5-0, with Mayor Norman Rone, Vice Mayor Everett Brock and Aldermen Rick Barnes, Clair Cochran and Junior Medley voting in favor of the measure. Alderman Jimmy Haley abstained, and Alderman Billy Wood was absent due to an illness in the family.Warren County officials voted to approved the measure 22-1 with Commissioner Clinton “Pee Wee” Hill voting no and Commissioner Gary Prater absent.Both parties agreed to enter into a new agreement that eliminated both the 1969 and 1985 contracts, as well as agreed to dismiss the pending lawsuit.See Wednesday’s edition to see specifics details regarding the new agreement and comments from officials about the agreement.