Board of Aldermen Meeting | FY25 Budget | 8.27.2024

The City of Hernando Board of Aldermen held a meeting on August 27, 2024, primarily focused on reviewing and discussing the proposed FY25 budget. Key procurement-related discussions included the potential purchase of a three-acre land parcel for $350,000, which was debated due to its high cost compared to previous offers around $120,000 to $200,000. The board considered negotiating the price down and obtaining an appraisal before finalizing the budget. Additionally, the meeting covered capital improvement projects such as the downtown sewer rehabilitation and the Green Tea sewer project, with an estimated $5 million cost to be funded through a State Revolving Loan Fund. The board also discussed the acquisition of new brush trucks and an ambulance, with financing options including loans and lease purchases. The budget was described as tight, with some projects funded by grants or reimbursable funds. The board planned to finalize the budget and related procurement decisions at the next meeting, including possible amendments based on further negotiations and appraisals.