Monday was a work session of the Scottsboro City Council. (photo by G. Morgan)
City of Scottsboro's new City Clerk is seated, Whitney Phillips.
AGENDA
Morris Necklaus made a presentation concerning a blown transformer in the city's old bailer building. The city leased the building for $1.00 per annum to Mr. Necklaus for recycling materials. The City Attorney stated that in accordance with the lease Mr. Necklaus's business, Recycling for Scottsboro, is responsible for making all repairs. The City of Scottsboro leased its old Recreation Center on South Broad St., next to the Scottsboro Police station, to a church. The city replaced the roof on the church at no cost to the church. Mr. Necklaus commented that the building has been without electricity for a week.
A picture of Scottsboro's Bond Debt - total debt service after subsidy, including School debt, Goosepond Colony debt, Industrial Development debt is $86,681893.82. Principal on all bond debt is $58,450,000.00; total debt service is $98,178,119.31 as of Apr. 11, 2013.
" Painted Debt of the city," presented to the City Council by Larry Ward of Raymond James Inc., bond refinancing discussion.
Bob Young of Frazier Lanier Inc. also made a presentation on bond refinancing
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