Lenoir City Utilities Board Regular Meeting
The Board approved the sale of the Martel Office Building, located at 6875 Lakeview Road, for an offer of $372,280.00, with the resulting proceeds designated as revenue for the LCUB Water Department.
Operations Manager of Water, Wastewater, and Natural Gas at Lenoir City Utilities Board
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The Board approved the sale of the Martel Office Building, located at 6875 Lakeview Road, for an offer of $372,280.00, with the resulting proceeds designated as revenue for the LCUB Water Department.
The board discussed and approved the FY 27 Budget Amendment and the acquisition of land by the Electric Department for the future Ball Camp Substation. Additionally, members adopted the Audio, Video, and Transcript Recording Policy and authorized the listing of the Old Martel Office Building for sale. The General Manager provided updates regarding the usage policy for the meeting room, fiber warehouse privacy fencing, and the installation of a new phone system. Board members also addressed inquiries from a local resident concerning privacy trees near the Fiber Warehouse.
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The board approved financial reports for May 2026 and authorized new signatory appointments for bank accounts. Key business included the approval of a large insurance invoice, the ratification of a Data Center Master Services Agreement with Tennessee Independent Telecommunications Group, LLC, and the approval of a contract for the sale of property located at the intersection of Dutchtown Road and Sanders Road.
The Board approved financial reports for March and April 2026. A resolution was passed recommending that the City Council amend the Debt Management Policy to limit variable rate debt and put-option debt to no more than 30% of outstanding indebtedness for each system. Additionally, the Board approved two contracts with Brown Jake & McDaniel for auditing services, covering both LCUB accounts and the LCUB Employees' Retirement Plan for the fiscal year ending June 30, 2026.
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