No action taken on Lonnie Lindsey property

Published: Tuesday, October 2, 2012 at 10:08 PM.

The HCDC has been invited to essentially loan a property owner money in exchange for receiving 60-plus acres free and clear, Riviere explained.

Commissioner Sandy Spear said she felt that she was not well enough informed about the Raper Property proposal to make any kind of decision, and asked if a special meeting to discuss the deal could be arranged. “I know some of us are new on the board and we would like to have more information, at least I know I would,” she said.

The board also heard a proposal from the Regions Bank financial advisor team, led by Jacob McKelvey. The board is considering moving its portfolio to a different money management firm. Next month representatives from Edward Jones will attend the Nov. 13 meeting and make a similar proposal for the board to consider.

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