Proposal Could Give Pulaski Opportunity to Help School System
The Pulaski Board of Mayor and Aldermen may consider paying off its portion of property owned in Industrial Park South to potentially make the property available to the Giles County Board of Education for a new school.
City Administrator Terry Harrison explained at the April 17 work session that the city and county borrowed money to pay for the property that makes up Industrial Park South. Ownership of the property was transferred to the Pulaski/Giles County Industrial Development Board as allowed by state law.
The city and county make monthly payments to the IDB that are used to pay the debt service on the $508,000 still owed on the property, Harrison said. Under this system the IDB is not able to donate the property to the school system, which has identified part of it as a site for a potential new Giles County High School.
Harrison explained that should the city pay off its half of the debt, it could put the city council in the position to possibly donate its part of the property to the school system if it moves forward with plans to build the new school there.
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