Blountsville council chooses Superior Bank

Blountsville Town Council held a special meeting Monday night to discuss financing the town’s fire department matching grant.

After much discussion, the mayor and council decided to pursue financing through Superior Bank of Blountsville rather than through BB&T Bank of Oneonta.

With Superior Bank, the town will receive financing for up to $400,000. The entire fire-station project is set to cost $715,735.30. Twenty percent of the funding has come from the town fire account; 45 percent will come from the loan from Superior Bank; 35 percent will come from the Community Enhancement grant received in November 2010.

The mayor and council chose to go with Superior Bank because they wanted to finance locally and because Superior Bank donated property for the station.

“Superior Bank saved the town a considerable amount of money,” said Mayor Randy Millwood.

Following the special meeting was a work session with J.B. Pennington High School principal Dr. Phillip Cleveland to discuss the contract for use of the town baseball field.

Budget information was given to council members at the end of the work session. The next council meeting will be held on Aug. 1.