published Thursday, August 1st, 2013

Hamilton County commissioners pass $90 million credit line after second vote

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    Staff Photo by Tim Barber The Hamilton County Courthouse is seen through the many hardwood trees that make up the landscape at Walnut and Seventh Streets.

In a second attempt to lock down a $90 million line of credit, Hamilton County Commissioners voted today to accept the line — after much discussion.

The hangup came over a 12 percent upper limit interest rate on the coupon rate to sell the bonds down the road.

Commissioners in July rejected the same resolution, but after a question and answer from county staff and a contracted financial analyst, the vote passed 8-1, with Commission Fred Skillern voting no.

about Louie Brogdon...

Louie Brogdon began reporting with the Chattanooga Times Free Press in February 2013. Before he came to the Scenic City, Louie lived on St. Simons Island, Ga. and covered crime, courts, environment and government at the Brunswick News, a 17,000-circulation daily on the Georgia coast. While there, he was awarded for investigative reporting on police discipline and other law enforcement issues by the Georgia Press Association. For the Times Free Press, Louie covers Hamilton County ...

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