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Property tax rate in Troy remains same

Property tax rate in Troy remains same

Posted: Tuesday, July 20, 2010 9:09 pm
By: Donna Ryder, Associate Editor

By DONNA RYDER
Associate Editor
Troy residents will not see an increase in their property tax rate.
During Monday night’s mayor and board of aldermen meeting, Mayor Jimmie Hart recommended the town keep its $1.70 property tax rate the same.
“I don’t see any need to change it,” he said.
The board of aldermen agreed.
In other business Monday night, the board:
• Renewed a CD in the gas fund.
• Learned a scanner/printer was purchased.
• Agreed to replace the roof on the building being leased by First State Bank. The current roof was installed in 1985. Estimates included $1,675 to repair the roof or $5,500 to replace it.
• Donated $250 to the Obion County Central High School Band Boosters, as well as a ride on the fire truck as an auction item for the group’s chicken supper and preview show on Friday. The event will be held in the commons area at the high school. Alderman Deanna Chappell said the town can’t help every organization at the school, but the band is very visible state-wide.
• Was invited to an open house from 11 a.m. until 1 p.m. Thursday at the Tennessee Department of Safety on West Reelfoot Avenue in Union City.
• Learned the new grocery store is coming along and E.W. James Supermarket officials hope to open in September. Hart said the owner of the property where the store is built would like to extend the lease he has on town-owned property on which a portion of the new store is built. The current lease ends in 2058. The board discussed the matter at length and decided it needed more information before making a decision. Several board members said they have no problem with extending the lease on the portion for the grocery store, but are unsure why the extension is needed on additional property being leased there.
• Was informed work on the maintenance building has been held up because of rain. The building materials are in and the concrete is being poured.
• Heard Friday night’s activities for Troy Community Involvement Days were interrupted by rain, but there was a good crowd on Saturday.
• Learned the Slo Joe’s building has been rented by the town and the mayor has a good prospect for the old church building which formerly housed the Wedding Chapel.
• Was invited to the Local Emergency Planning Committee meeting July 27 at 6 p.m. at the Regional Health office on Mount Zion Road in Union City.
During the July 6 meeting, the board:
• Approved a continuance budget for the 2010-11 fiscal year.
• Learned all vehicles listed for sale in the newspaper had sold.
• Received a report on the maintenance building.
• Was informed the Masonic lodge has a fish fry set for Aug. 14.
• Donated $250 toward the white beans and cornbread to be given away free at lunch at Troy Pecan Festival on Sept. 14.
• Discussed special event insurance for Troy Community Involvement Days.
Associate Editor Donna Ryder can be contacted by e-mail at dryder@ucmessenger.com.
Published in The Messenger 7.20.10

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