News, Russellville
 By  Jonathan Willis Published 
6:01 am Wednesday, March 20, 2013

City finances improving, but still work to be done

The Russellville City Council voted Monday night to pay off a short-term loan the city took out in November to help offset operating costs at the time.
The council unanimously voted to re-pay CB&S Bank $410,533.66.
Mayor David Grissom said the city agreed at the time the loan was obtained to re-pay the amount in full within six months.
“I am glad that we are able to pay this back in full just as we agreed,” Grissom said.
“I really appreciate CB&S Bank for working with us when we were in a crunch. At the time, it was badly needed and they stepped up to help us.”
During Monday night’s meeting, city clerk Kim Wright told the council that after this week’s payables were made and payroll cut, the city would have about $300,000 remaining in its general fund.
“The department heads all worked very hard to help us get caught up some and to the point where we are, but we all need to remember that we have to keep doing the things we’ve been doing,” Grissom said.
“We have a long way to go to be where we all want to be and where the city needs to be. That means we all have to be as conservative as we can.”
City officials said that holiday sales tax receipts coupled with business license renewals and ad valorem taxes helped the city catch up to a point where the payment could be made back to CB&S Bank.
In other business, the council:
• awarded a bid for underground storm drains to Hovater Metal Works
• approved an agreement for professional engineering services for an ATRIP project from Madison Avenue from Jackson to U.S. 43 to Williams Engineering
• approved the widening of a bridge on Underwood Road for a total of $39,000 to Riley Bridge Company
• voted to de-annex Joe Holmes Oil Company, which is the former site of Ray’s Southside Grocery.

Also on Franklin County Times
Thorpe to play at Blue Mountain Christian
High School Sports, News, Russellville, ...
Brannon King For the FCT 
July 16, 2025
RUSSELLVILLE – Brennon Thorpe made his plans official to attend Blue Mountain Christian University and play baseball for the Toppers during a recent s...
Russellville High Class of 1967 gathers, reminisces
Columnists, News, Opinion, ...
HERE AND NOW
July 16, 2025
You can’t really go back to the good old days of high school, but you can pay them a visit now and then. That’s exactly what the RHS Class of 1967 has...
Former Cypress Lakes official to lead Guntersville State Park
Lifestyles, News
Bernie Delinski For the FCT 
July 16, 2025
GUNTERSVILLE — Heath Puckett had an Auburn University degree and golf course superintendent certification in his pocket when he arrived at Cypress Lak...
European travel builds bonds across cultures
Lifestyles, News, Russellville, ...
María Camp maria.camp@franklincountytimes.com 
July 16, 2025
RUSSELLVILLE -- A group of Franklin County travelers spent nine days this summer walking through catacombs, exploring castles and standing in places w...
Little Free Library welcomes readers in East Franklin
Lifestyles, News, Phil Campbell
María Camp maria.camp@franklincountytimes.com 
July 16, 2025
PHIL CAMPBELL — Eleven-year-old Aiden Hall is an avid reader, but he doesn’t just want to read books. He also wants to share them, and the way he deci...
King becomes elementary curriculum director
Lifestyles, Russellville
María Camp maria.camp@franklincountytimes.com 
July 16, 2025
RUSSELVILLE — Molly King says every child can learn, though not necessarily in the same way or on the same day — a belief she plans to carry into her ...
New Junior Leaders begin their training
Franklin County, News
María Camp maria.camp@franklincountytimes.com 
July 16, 2025
FRANKLIN COUNTY — Forty-two high school students from across Franklin County are beginning 10 months of hands-on leadership training and community ser...
Fire destroys 2-story garage, guest suite
Main, News, Russellville, ...
Kevin Taylor For the FCT 
July 16, 2025
R U S S E L LV I L L E – Jason Gist leaned against the wall of his home with a look of disgust while dozens of firefighters worked to extinguish a fir...

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Stories
July 4, 2025Augusto Simon Diaz, 42, of Russellville, passed away July 4. Visitation and funeral were held at Spry Memorial Chapel on July 12 from 2pm ...
July 16, 2025
July 8, 2025Jamie Kerby Cummings, 41, of Russellville, passed away on July 8. Visitation took place July 13, at Spry Memorial Chapel from 1 pm to 3pm....
July 16, 2025
July 11,2025Julie “JuJu” Welch Black, 63, of Russellville, passed away on July 11.Graveside service was held at 1pm on July 13, at Belgreen Cemetery w...
July 16, 2025
July 9, 2025Scott Noel Benford, age 58, of Muscle Shoals, passed away on July 9. Visitation was held at Pinkard Funeral Home in Russellville on July 1...
July 16, 2025