Jemison Council receives update on County Road 42

Published 11:10 am Tuesday, November 3, 2015

The Jemison City Council received a brief update about County Road 42 on Monday.

Jemison Mayor Eddie Reed told the council that a pre-construction meeting with officials involved in the project would likely be scheduled soon.

“Once we have that meeting, we will know more about a construction date,” Reed said. “One thing we do know for sure is that all of the requirements that Jemison needed to do have been done. We are just waiting for updates from the state. It has been an ongoing process, but we will get there.”

County Road 42 was let out for contract Aug. 28. The resurfacing project, a state-approved project, was originally scheduled to be let out for contract by the last week of May.

Chilton County-based Chilton Contractors was the company who received the bid for the project.

Delays with obtaining a right-of-way prompted plans for the project to be postponed.

The resurfacing project will be allowed 90 working days to complete the project, according to an ALDOT representative.

According to ALDOT’s website, the length of the project is 4.341 miles.

The council also voted to move several existing Regions Bank accounts to Central State Bank of Calera.

The council also met for more than 20 minutes in an executive session to discuss pending litigation and preliminary negotiations involving matters of trade and commerce.

Once the executive session was opened back up into the regular meeting, councilman Rex Bittle made a motion to authorize Piper Jaffrey to prepare restructuring of three-of-four municipal bonds at the present time.

Bittle also included in his motion to plan for the fourth bond to be restructured in the future.

Piper Jaffray is a full-service investment bank and asset management firm focused on mergers and acquisitions, financial restructuring, public offerings, public finance, institutional brokerage, investment management and securities research, according to the firm’s website.

The council also approved the minutes from the previous council meeting and voted to pay all necessary bills.