The Hamblen County Commission, in October approved spending up to
$85 million to fund improvements at Morristown West High School and to pay for a new
The first in a series of bond issues to pay for the projects is for $20
million. The county put the
bond up for sale on Wednesday and a Wisconsin based company won the bid.
The Robert W. Baird Company underwrote the bond issue at a 2.395% interest rate – to be paid over a 30 year period.
Hamblen County Mayor Bill Brittain says the county has a triple A
bond rating, the highest rating possible.