Johnson City approves $20M bond for Lakewood Village apartment refurbishment

April 19, 2025 | Johnson City, Washington County, Tennessee

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Johnson City approves $20M bond for Lakewood Village apartment refurbishment

This article was created by AI using a video recording of the meeting. It summarizes the key points discussed, but for full details and context, please refer to the video of the full meeting. Link to Full Meeting

The Johnson City Board of Commissioners meeting on April 17, 2025, focused on significant financial and regulatory matters, including the issuance of bonds for local housing improvements and amendments to the city’s water system ordinances.

A key discussion point was the approval of a $20 million bond for DGA Lakewood, aimed at refurbishing approximately 100 units in the Lakewood Village apartment complex. This initiative is part of the Tax Equity and Fiscal Responsibility Act, which mandates public approval for private activity bonds. The project, located near Swadley and Plymouth Road, is expected to enhance living conditions for low-income families. Notably, the bond issuance had already undergone a public hearing, with no objections raised by community members.

In addition to the bond discussion, the commissioners addressed Ordinance 49 11-25 during its first reading. This ordinance seeks to amend existing regulations regarding permits, tapping fees, and billing for the Johnson City water system. Director Tom Witherspoon was present to clarify the details of the amendment for the commissioners.

The meeting underscored the city’s commitment to improving housing for low-income residents and ensuring effective management of its water resources. Further discussions and decisions on these matters are anticipated in future meetings.

Converted from Johnson City Board of Commissioners Meeting 04-17-2025 meeting on April 19, 2025
Link to Full Meeting

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