The Paris Board of Public Utilities reviewed the transition process for becoming a Municipal Utility Authority at its Tuesday morning meeting.
The proposed change was first introduced in January’s meeting. BPU General Manager Terry Wimberley said further action would be taken in April and May at both the BPU board meetings and the Paris Commission meetings.
The end goal is to become the Paris Utility Authority on July 1.
“The formation of Paris Utility Authority will be a positive move for BPU and the City of Paris,” said Wimberley.
“We will both realize efficiencies while continuing to offer high level service to this community. BPU will also have flexibility to explore ways to expand our benefit to the community through potential new markets and public-private partnerships.”
During the meeting, the board took extra precautions and followed Centers for Disease Control
recommendations to keep all in attendance safe.
Those at the meeting were provided hand sanitizer upon entering the building, attendance was limited to less than 10 people by requesting that BPU department managers not attend this month, and seating for attendees was kept 6 feet apart.
In other meeting business, the board voted to approve revisions made to the revolving loan fund plan and approved a $335,000 loan to Columbiad Fabrication & Aviation, LLC, from the BPU Revolving Loan Fund.
The revolving loan fund is produced from grant money associated with two prior USDA Rural Development loans. These are to be used locally to promote economic development.
The most significant change to the revolving loan plan allows for up to a 100% loan.
The loan to Columbiad Fabrication and Aviation, LLC, is to have a five-year repayment period at 1% interest, provided that Columbiad reaches and retains six new full-time employees.
Columbiad, formed in Paris in 2016, is located at 1020 Hwy. 69 northwest of Paris. It is a metal fabrication shop capable of large-scale cutting and formation.