Woodbury votes to reinvest its debt

By TONY STINNETT/Courier Sports Editor

City leaders unanimously voted to refinance the Town of Woodbury’s debt with Pinnacle Bank in a move that will enable Woodbury to be out of debut in 2031 during the monthly meeting of the Board of Mayor and Aldermen Tuesday (Aug. 6).

Consultant Anthony Pelham recommended the Town of Woodbury refinance with Pinnacle based on reports from TAU, which the Town of Woodbury hired to determine the best method to pay off the debt.
The decision will enable to pay off the city’s debt years earlier than otherwise.

The beer board approved a beer permit for GES Market LLC for off premise consumption at 111 West Main Street.

In other business on a light agenda, the board approved a 5K run/walk for a group, represented by Donna Holman, looking to promote a healthy lifestyle and bring the issue of childhood obesity to the forefront.
The route will start at the Convenience Center beyond Dillon Park and run through town. The event will take place Sept. 22 from 3-5 p.m. It is in conjunction with “Let’s Move Day.”

The board also granted the Woodbury Nursing Home’s request for a Block Party Sept. 12 from 5-10 p.m., and approved the sale of a lot on West Water Street to Mitchell Orr.

The next Board of Mayor and Aldermen meeting will take place Sept. 10 at City Hall.