The county will purchase the building where the recycling center is
now located, following action taken by the Wayne Fiscal Court during
a meeting Thursday, August 13th. The court approved the purchase
after taking several days to review an appraisal of the building as
well as the lease to purchase proposal presented by the Monticello
Wayne County Industrial Authority which owns the property.
Under the agreement, the county will pay $1250 dollars per month
over a 15 year period to own the building. They are currently
paying $800 rent per month at the facility.
The total asking price for the property is $206.500. The lease to
purchase agreement includes an interest rate of approximately
percent. Before making a decision, magistrates reviewed figures
provided by Solid Waste Coordinator Tim Bell regarding the income
generated by the county's recycling program.
Bell said that since the program began in 2008 it has generated
a total of $433,252 dollars in income. The recycling program has
also received approximately $506,000 dollars in grants to purchase
equipment during that time.
Several magistrates indicated that these figures show that the money
is available to purchase the building without committing county tax
Also during the meeting, the court approved the tax rates for the
public health taxing district and the library taxing district. Rates for
both remained the same as last year - 3 cents per hundred dollars
of assessed value for the health district, and 9.3 cents per hundred
dollars of assessed value for the library district.
Magistrates also approved the reappointment of Lisa Lowe to the
library board for a four year term. They also approved the
appointment of Ronald Rush to the library board for a four year
term. Both terms will begin in November.<< Return to PreviousIf you copy this article to a blog or forum, please leave the identification of the source (wkym.com) in the text.