The Cedar Bluff Town Council has approved a 15 year, $205,000 loan through The Southern Bank in order to pay for the new fire truck recently purchased by the town.
The loan will be at a 4.5% interest rate and will amount to payments of $1,578.95 per month – the council also voted to give Mayor Tammy Crane and Councilman Jerry Sprayberry the authority to sign the necessary paperwork at the bank.
The council also accepted high bids from three surplus items which included a 2000 International Pumper Truck for $35,000, a 1987 Ford F-350 Brush Truck for $5,123 and a generator for $8,000.
The town currently owes just over $73,000 on the 2000 model International Fire Truck and with the money gained from the sale of the aforementioned fire trucks the town will pay off the International Truck with the remaining balance coming from the recent sale of a garbage truck and also a portion being taken from the Alcohol Reserve Fund – the truck has to be paid off because it was sold due to mechanical malfunction – in order to obtain a title to give to the high bidder, it must first be paid off.
Initially the council had agreed to make payments on the new truck out of the town’s alcohol tax money – however they have amended that decision and will make payments from the town’s ad valorem tax fund because that tax money must be used specifically for fire services.
In other business Mayor Tammy Crane requested the purchase of two new computers for town hall – the computers currently being used by the town clerk and assistant town clerk were destroyed after a leak was discovered on town hall leaving a number of things damaged and over an inch of water standing overnight.
The town approved the purchase of three units which will come from Network Solutions out of Gadsden at a cost of $3,907 which will come from the town’s capital improvement fund.