(MURFREESBORO) The Murfreesboro City Council workshop was held Wednesday (5/10/2023) at the Murfreesboro Municipal Airport. One of the items on the agenda was properly using the $245-million received from the sale of the City's electric distribution system.
As you recall, $43 million was paid to the City of Murfreesboro by Middle Tennessee Electric at closing. After that, there will be annual installments of $17,290,134 paid over a 15-year period with interest totaling nearly $3 .