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CONTINUED: Managing the Proceeds Received from the Sale of Murfreesboro Electric

Murfreesboro, TN - The Board of Trustees of the Murfreesboro Community Investment Trust will meet Tuesday, March 22, 2023, at the Municipal Airport Business Center Community Room (1930 Memorial Blvd in Murfreesboro). The 4 p.m. meeting will be focused on the management of proceeds received from the sale of the Murfreesboro Electric Department to Middle Tennessee Electric. Middle Tennessee Electric purchased Murfreesboro Electric in June of 2020 for $245 million. At closing, Middle Tennesse .

Community Investment Trust Committee on Contributions scheduled to meet at Municipal Airport Tuesday Afternoon

MURFREESBORO, Tenn. — The Murfreesboro Community Investment Trust Committee on Contributions will meet on Tuesday, February 28, 2023. The meeting will be in the Municipal Airport Business Center at 4:00 P.M. (meeting in the Community Room at 1930 Memorial Blvd). The City Council, under the authority of an amended City Charter, created the Committee on Contributions approving Ordinance 23-0-06 on Feb. 2, 2023, within the Community Investment Trust structure. The Committee on .

MTE s Chris Jones Receives Rutherford County Chamber s Business Person the Year Award

MURFREESBORO – The Rutherford County Chamber of Commerce has named Middle Tennessee Electric’s (MTE) Chris Jones as the 2022 Business Person of the Year. Jones was recognized at the Chamber’s annual Business at its Best celebration held Tuesday, Feb.7, at Embassy Suites Murfreesboro Hotel & Conference Center.Chris Jones is MTE’s President and just the fifth CEO in the cooperative’s 85-year history.  A 24-year veteran of MTE, he is a graduate of the Uni .

MED Community Investment Trust Meets 4PM Tuesday

(MURFREESBORO) If a municipal body sells an extremely valuable piece of property, there are many options on investing a large amount of cash and help assure the funds will continue to grow and improve the community. Such is the case with the $302.4-million that Middle Tennessee Electric is paying the City of Murfreesboro for the electric department.  First Trustees Meeting Murfreesboro Community Investment Trust's board of trustees will hold its first "management of the proceeds" meeting .

Board of Trustees for the Murfreesboro Community Investment Trust to Meet Tuesday

MURFREESBORO, Tenn. — The Board of Trustees for the Murfreesboro Community Investment Trust will meet Tuesday at the Municipal Airport Business Center. This will be the first meeting conducted on the management of proceeds derived by the sale of the Murfreesboro Electric Department. Middle Tennessee Electric purchased Murfreesboro Electric in June of 2020 for $245 million. At closing, Middle Tennessee Electric made a down-payment of $43 million and agreed to annual instal .

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