Bond company approved for first jail building, West High School improvements project

     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

jail.

     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.