Earlier in October, the Board of Mayor and Aldermen approved a request from the Tullahoma City Schools Board of Education to issue construction loan debt for the completion of the Jack. T Farrar Elementary project.
Prior to the Oct. 14 BoMA meeting, the TCS school board approved to send two resolutions to the city board for their consideration and approval. The first resolution was to give notice of the intent to issue the bond and the second resolution gave the structure of how the loan will be issued and how it will be managed…