Blountsville to refinance with BB&T



After much discussion at its regular meeting Monday night, Blountsville Town Council unanimously voted to refinance the town’s existing debt and the fire station loan with BB&T Bank.

The town had previously financed with PeoplesBank for the town debt and Superior Bank for the fire station construction loan. BB&T’s proposal allows the town to consolidate the debt and the loan into one monthly payment. The new financing plan is a 10-year term, has a fixed interest rate of 3.23 percent, and will also save five years on the fire station loan.

The council discussed and voted to accept Otelco’s proposal for a new phone system. The cost of the new system is $7115, and all equipment will be Otelco owned.

The council authorized the police department to repair equipment at an estimated fee of $500.

The council agreed to resign its contract with the Local Government Corporation for computer hardware and software.

The council has been asked to nominate a person for the county Board of Equalization. The town is required to submit a name even though the nominee may or be not be selected to serve on the board, as the state makes the decision. The council will nominate someone at its next meeting on Oct. 3.

The council passed a 2011-2012 general fund budget, park and recreation budget, and volunteer fire and rescue budget.

The council appointed Lynn Mullins as its representative on the county-city Chamber of Commerce.

Town attorney Dalton NeSmith has written the FDIC about the condition of the Superior Bank headquarters property, but has not yet received a response.

Jennifer Smith attended the meeting on behalf of the Blountsville Elementary PTO to request the use of the town park for the turkey shoot fundraiser Nov. 5, rain date Nov. 12. The cost is $5 a shoot, and the money will go towards waxing the floor of the school, installing a new floor for the elementary gym, and buying a new copier. The council agreed to allow the school to use the park for the event.

Mayor Randy Millwood said Harleysville Insurance had requested refund of an overpayment to the town but gave no further details. The town attorney will be asked to investigate.

The council voted to honor the Blountsville Business Association’s request for $2500 for the Oct. 8 Harvest Festival.