Troy gas customers to get rate reduction
Posted: Tuesday, October 7, 2008 9:58 pm
By DONNA RYDER
Messenger Associate Editor
Natural gas customers being serviced by the Town of Troy have some good news coming their way — a 10 percent reduction in their natural gas rates.
Troy Mayor Jimmie Hart informed board members during a meeting in September that he had been watching the stock market and caught the gas at a low price when he locked it in for three years.
He said Monday night that natural gas had gotten as high as $16-$17 per unit, but he was able to lock it in at $8.58 per unit. That price is lower than the town is currently paying for natural gas.
Hart said he had looked at the rates being charged by the town and the savings the town will have and was able to figure that it could give its customers a 10 percent reduction in the rates.
As an example of the savings customers will see, Hart said he took his own gas bills over the past 12 months and figured he personally will see a $305 savings for a year if he uses the same amount of natural gas.
“It’s good to see we can help residents with their expenses,” he said, adding the savings in the natural gas should be more than the increase in taxes.
The new rates will go into effect Nov. 1.
In other business, the board:
• Approved an identity theft program for the town as required by the state. City recorder Cheryl Cranford has been named administrator of the program, while public works director Lynn Jones will be in charge of training.
• Renewed CDs in the recreation and gas fund. A CD in the water fund will have to be cashed out and a $20,000 loan be repaid to the general fund. The remainder will be placed into another CD. Hart said the water department’s checking account ran out of money after the bills for repainting the water tank were paid. Hart said the solid waste department also came up short and had to get a $10,000 loan from the general fund.
• Authorized the mayor to negotiate with the ethanol plant for discharging water from the cooling tower into the town’s sewage system. The contract calls for the ethanol plant to pay the town $600 per month for the service, with extension options eventually bringing that amount to $900 per month. Hart said the town will not be out any money on the deal.
• Agreed to pay animal control officer Chandra Davis wages and mileage while she attends training on animal cruelty. Her tuition for the training has been paid by the Humane Society.
Mrs. Davis reported 20 dogs were picked up in September, with three reclaimed by their owners and the others either adopted or rescued. Four cats were also picked up and adopted.
• Was informed Gibson Elec-tric sent a letter explaining the 20 percent rate increase, which went into effect Oct. 1. The letter said coal prices have doubled since December, while natural gas prices have gone up by 65 percent.
• Agreed to ask Melinda Underwood to appear before the board to explain the senior citizens program she would like to start in the town.
• Heard a letter of thanks from Gary Arnett and the Troy Masonic Lodge for the town’s assistance in paying for the white beans and cornbread given to the public free during Troy’s Pecan Festival. The board also received a card of thanks from alderman Ed Watson for a fruit basket sent to him by the town after a recent injury.
• Agreed to pay the electric bill for the Troy Senior Citizens Center out of the recreation fund, since the building is being used by senior citizens for recreation purposes.
• Asked the mayor to check into the trade-in cycle on the backhoe. Hart said the town has had the machine about three years and it is about time to trade. Alderman Jess Whitesides asked that the mayor consider adding an extend-a-hoe this year.
• Heard there will be a change in the City Hall staff come the new year. Linda Fulcher will be retiring and the mayor wishes to promote Suzanne Hopper from part-time to full-time. Hart said Ms. Hopper has been reading the meters as well and the town will need to hire someone to perform that duty. He said he will have someone read the meters by November so that person can run the route with Ms. Hopper for two months before doing it alone.
• Learned a utility pole at the park was damaged during the recent wind storm. Hart said he has someone coming from Dyersburg repair the electrical service to the area. The pole will have to be replaced. The pole holds the switches for the ball park.
• Was informed the spec building at the industrial park is 85 percent complete, with all metal work done except half the roof. Electrical work also needs to be completed. Industrial Board chairman Mark Watson said the crew is keeping the site clean and looking good and he is pleased with the progress.
Associate Editor Donna Ryder can be contacted by e-mail at email@example.com.