P. O. Box 1589
400 West 19th Street
Jasper, AL 35501
Phone 205-221-2100

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News

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Council approves $10.9M bond issuance

BY RON HARRIS, DAILY MOUNTAIN EAGLE

Jasper City Council members
approved a rezoning request
Tuesday morning despite a public
outcry against the request from
residents living near the property.
The request to rezone the prop-
erty, which came from property
owner Eddie Miller, involves
changing the zoning classification
from R-1 (single family residen-
tial) to B-2 (community service) at
the corner of West Ridgewood
Road and Alabama Highway 257.
Miller has plans to open a
small, used-car dealership on the
property. That has drawn opposi-
tion from numerous residents liv-
ing near the property.
Council member Sonny Posey
made the motion to adopt the re-
zoning request, and the measure
passed by a 3-1 vote. Council
member Danny Gambrell cast the
lone vote against the rezoning re-
Jasper City Council members
approved a rezoning request
Tuesday morning despite a public
outcry against the request from
residents living near the property.
The request to rezone the prop-
erty, which came from property
owner Eddie Miller, involves
changing the zoning classification
from R-1 (single family residen-
tial) to B-2 (community service) at
the corner of West Ridgewood
Road and Alabama Highway 257.
Miller has plans to open a
small, used-car dealership on the
property. That has drawn opposi-
tion from numerous residents liv-
ing near the property.
Council member Sonny Posey
made the motion to adopt the re-
zoning request, and the measure
passed by a 3-1 vote. Council
member Danny Gambrell cast the
lone vote against the rezoning re-
Jasper City Council members
approved a rezoning request
Tuesday morning despite a public
outcry against the request from
residents living near the property.
The request to rezone the prop-
erty, which came from property
owner Eddie Miller, involves
changing the zoning classification
from R-1 (single family residen-
tial) to B-2 (community service) at
the corner of West Ridgewood
Road and Alabama Highway 257.
Miller has plans to open a
small, used-car dealership on the
property. That has drawn opposi-
tion from numerous residents liv-
ing near the property.
Council member Sonny Posey
made the motion to adopt the re-
zoning request, and the measure
passed by a 3-1 vote. Council
member Danny Gambrell cast the
lone vote against the rezoning re-

Jasper City C

ouncil members

approved

a rezoning request

Tuesday morn n ing despite a public
outcry against the request from
residents living near the property.
The request to rezone the prop-
erty, which came from property
owner Eddie Miller, involves
changing the zoning classification
from R-1 (single family residen-
tial) to B-2 (community service) at
the corner of West Ridgewood
Road and Alabama Highway 257.
Miller has plans to open a
small, used-car dealership on the
property. That has drawn opposi-
tion from numerous residents liv-
ing near the property.
Council member Sonny Posey
made the motion to adopt the re-
zoning request, and the measure
passed by a 3-1 vote. Council
member Danny Gambrell cast the
lone vote against the rezoning re-

Jasper City Council members approved issuance of a bond of almost $11 million during a special called meeting Tuesday afternoon.

The $10,980,000 bond will be used for a number of city projects, city clerk Kathy Chambless said. “It’s an exciting day for this city,” Jasper Mayor David O’Mary said during the meeting. The bond issuance passed with a 3-0 vote. Council members Jennifer Williams Smith and Sonny Posey were not at Tuesday’s council meeting.

Matt Adams, a market manager with Raymond James Financial investment company in Birmingham, said the bond initially was thought to have an interest rate of 3.25 percent, but the city will instead secure an interest rate of 3.01 percent. Securing the lower interest rate means about $300,000 in savings for the city, Adams said.

“We are a big winner today,” Chambless said.

Read more ...

Chambless said the city will receive $11,261,000 in net proceeds. The principal will be paid back over 17 years, she said.

The funds will be held in local banksuntil the council approves using the money for upcoming projects.

The majority of the funds — $7 million — will be used for paving projects in the city, O’Mary said.

Other projects include repairs to the storm water drainage system ($1 million), building improvements ($1 million), equipment replacements ($1 million) and an Airport Road project ($1.2 million).

O’Mary said when he took office the realization that the city didn’t having adequate funding to correct problems such paving roads and issues with storm water drainage was unsettling.

“Knowing that we didn’t having the liquidity to deal with those issues was troubling,” he said. “It makes me feel a lot better to know now that we have the money to get those repairs made — and repair them in a way that it will last 40 to 50 years. This is definitely a long-term investment in the city but will certainly benefit the city.”

O’Mary said the city will see immediate dividends from the paving and repairs being made.

“It’s hard to quantify all the benefits that this money will bring,” he said. “If we have an industrial

prospect visiting our city and all the streets are in a good state of repair, you can’t put your finger on

how much that means. But above all else, it’s just the right thing to do for the citizens of our city.”

The city’s ability to secure a lower interest rate speaks well to the city’s current credit rating, council member Danny Gambrell said. The current rating of A-2 is among the best in the state, he said.

“That speaks well to the city,” Gambrell said. “And that goes back to previous administrations and councils. We’re just happy that it’s continuing with the current administration and council.”

The projects — primarily paving city streets — are expected to begin within a few months, council member Gary Cowen said.

“This will really help us in areas of the city that really need it,” Gambrell said.

In other business, council members:

•awarded a bid for a sidewalk project in downtown Jasper to Bull Construction of Huntsville. The low bid of $533,000 was $60,000 less that the next closest bid, city officials said. 

“I’m confident this company will do a good job for us,” O’Mary said.

Reprinted from the Daily Mountain Eagle with permission


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Located in northwest Alabama on Interstate Highway 22, Jasper is a thriving retail hub, center of growing industrial development and home to approximately 14,000 residents. Enjoying one of the top ranked education systems in the State of Alabama, ongoing renovated Park & Recreation programs and its close proximity to the outstanding recreation areas such as Smith Lake, Bankhead National Forest and the Warrior River makes it an attractive area for relocation. Mayor David O'Mary would like to welcome you to our city and web site.


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