Skip to content

$3M loan guaranteed for new spec building

$3M loan guaranteed for new spec building
Published in The Messenger on 9.5.07
If all goes well, Union City will have its second spec building built at the Northwest Tennessee Regional Industrial Park by mid-December.
The Union City Council voted Tuesday night to guarantee a $3 million loan from Obion County for the building project. The loan is for three years at a maximum of 6 percent interest.
Bedford Dunavant reported bids were opened Aug. 21 and, when all low bids were considered, the project, with a $30,000 contingency built in, came in at $2,989,124.
He said the final price is higher than architects originally estimated because the electrical bid was much higher. The lowest electrical bid was $253,000, while the architects in Knoxville estimated it at $140,000.
He said site work is being done and the building should be completed by Dec. 15. Allen Searcy Builder Contractor is the project manager and assumes responsibility for each of the subcontractors.
Dunavant said the county has completed basework on roadways at the industrial park and the state will pave them.
Obion County Joint Economic Development Council executive director Jim Cooper added the state is also going to pay to signalize the turn lane on Highway 21.
City Manager Don Thornton reminded the council the city will get a railroad off-load site at the industrial park, a sewer lift station and drainage work with a 79 percent grant. The signalization will be 100 percent paid for by the state, he said.
The council also voted to transfer the property for the spec building to the Industrial Development Board.
In other business, after the meeting was opened in prayer by city attorney Jim Glasgow Jr., the council:
• Agreed to make a final payment of $77,208.25 and release a retainage of $26,408.25 to Midsouth Trenchless Inc. for work performed on the sewer rehabilitation project. Thornton said engineer work will begin on the second phase of the project as soon as the first phase is closed. The second phase includes new water lines. The third and final phase is replacement of streets, curbs, gutters and storm drains, if needed.
• Heard from Lynnel Townsend regarding L.I.F.E.S., an organization providing help to low-income families. She told the council the program started because people from low-income families need to be employed, but lacked job, social and life skills, as well as proper childcare and transportation. The program tries to improve the lives of individuals by teaching them how to help themselves and others.
She said the program started at East Gate Village in April, where she has trained people who need jobs, as well as those neighbors who can provide childcare and transportation. She said the program makes sure residents who can provide transportation have proper licenses.
Ms. Townsend said clients get training for one year to help them with their self-esteem, parent skills and social skills and obtaining a GED, if necessary. They’re also taught such things as how to keep their homes clean, personal hygiene and how to be better parents.
She works with local businesses to provide the needed jobs.
Ms. Townsend said Congress-man John Tanner is excited about the program and is helping her find grants to fund it.
• Learned a problematic home behind the grainery was recently sold at a tax auction and that a homeowner on Taylor has been given more time to comply with city requirements.
• Was informed some paperwork still has to be signed on the Cheatham Street bridge, but the project should begin in about a month.
• Discussed several areas on Cheatham Street which have been cut out and need to be filled.
• Heard from Mayor Terry Hailey that the Tennessee Wildlife Resources Agency will stock the Reelfoot Pond with trout. He said a trout stamp will be required in addition to a fishing license.
• Asked about lights which have been left on at the cemetery where fairgoers were parking. Councilman Dianne Eskew said residents there said the lights are still on. Thornton said they should not be on.
• Heard a police car won by Police Chief Joe Garner at a recent conference was to be delivered today.
Associate Editor Donna Ryder can be contacted by e-mail at

Leave a Comment