By Cindy EcklesThe Dodge County Board of Commissioner reviewed bids received from the Bank of Eastman, Citizens Bank and Trust of Eastman and Colony Bank of Eastman for the 2015 operating line of credit for the county. Interim county manager Bobby Peacock requested permission from county commissioners at their meeting on January 5, 2015 to submit requests to local financial institutions for an operating line of credit in the amount of $2,750,000.00 for 2015 at the best-fixed rate of interest.
Bids received were: Bank of Eastman, $2,750,000.00 with a fixed rate of 2.73%; Citizens Bank and Trust of Eastman, $2,750,000.00 with a fixed rate of 2.74% and Colony Bank of Eastman, $2,750,000.00 with a fixed rate of 2.78%. Commissioner Jr. Howell made the motion to accept the lowest fixed rate bid from Bank of Eastman, which was seconded by commissioner Terry Niblett. The motion passed unanimous.
Bids were then opened for a new roof at the Georgia Department of Labor building. Bids were received from Graham and Studstill and Moore Roofing. Because of a difference in the way the bids were presented, a committee of commissioners, Howell and Niblett, were appointed to review the bids and then make their recommendation to the board of commissioners at the next meeting.
Continue reading "County approves $2.75 million line of credit"