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|Former Knoxville Mayor Has Suggestion to Raise Money But Not Raise Water Rates
|The Knoxville City Council has changed its tune since its last meeting. An auditor's report suggested that the council raise water rates for its residents at the last Knoxville City Council meeting, but a report given by a former Mayor may have saved the council from raising those rates.
Everett Belote, former Mayor and a current volunteer consultant, suggested a capital improvement fund be initiated to be able to fund large projects in Knoxville. The city spends a large amount of their income now on improvements to the water system; and raising rates, according to the auditor, was a way for the town to recoup some of that money and pay for future improvements. Belote, however, promoted to the council roll over certain CD's the town has into a fund that can only be used for major repairs. Belote tells WGIL that its important to start this capital improvement fund.
"Knoxville needs a capital improvement fund, so as to designate funds that are reserve for capital improvements, extension of the water system, and/or construction of the water system," Belote said, "rather than have those funds non-designated -- and, therefore, have people anticipate that they're available for regular operations and maintenance."
The Knoxville City council also swore in a new alderman in their meeting Monday night. Resident Jim Eastwood was sworn in as Ward One Alderman filling the term expiring in May 2009. The council also set a bid date of December 11th to submit all bids to paint the inside of the water tower. An advertisement for proposals on the PEO home grounds was moved to a committee meeting next week at the courthouse.
|11 03 08 by Newsroom
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