The $30 million invested a little over two years ago from the sale of Baptist is now worth $34 million, according to representatives from investment firm, Glenmede, who presented the quarterly report to the Oxford Municipal Reserve and Trust Fund Committee Tuesday. (August 13, 2014, Page 1A, 12)
The city of Oxford is owed $3.6 million in unpaid fines.
Oxford Mayor Pat Patterson announced the findings Friday during a Downtown Parking Advisory Commission Board meeting.
“With the recent audit, we were surprised to learn we had that amount of unpaid fines in the court system,” Patterson said. “We are working with our auditors to try to determine the best way to proceed to collect any amounts possible, and it will be one of our focuses going forward.”
City leaders said the findings were included in an 882-page report. They include parking violations and criminal fines, such as DUIs, that date back to 2007. (August 4, 2014, Page 1)
Spend it and pay off debt? Invest it, use the proceeds for special projects and save the principal for emergencies? Editor Don Whitten takes a look at how local government officials handled funds from the sale of Baptist Memorial Hospital-North Mississippi in light of talk in the city of raising taxes. (July 23, 2014, Page 4)
The Mississippi Supreme Court upheld the decision Thursday of a Lafayette County chancery judge who approved the annexation of the land where the new Baptist hospital is being built into the city. (July 18, 2014, Page 1A)
The Oxford Board of Aldermen continue to discuss ways to raise money to meet Oxford’s infrastructure needs and the future of the Oxford City Market. (July 17, 2014, Page 1A, 2A)
A public hearing will be held Tuesday on a new ordinance that would require developers to meet with local law enforcement and public works officials to map out their traffic control plan during construction projects. (May 19, 2014, Page 1, 7)
City leaders approve $10 assessment to moving-violation tickets to help upgrades to communication equipment for the Oxford Police Department. (May 8, 2014, Page 1, 2)
About 75 members of Oxford’s black community met with law enforcement officers from local agencies to discuss their concerns about roadblocks and racial profiling. (May 7, 2014, Page 1, 2)
The Oxford Board of Aldermen approved keeping the Oxford Conference Center under city management, buying a new double decker bus and other measures during their regular meeting Tuesday. (May 7, 2014, Page 1, 2)
A committee formed to review the financial feasibility of the Oxford Conference Center determined the facility was a valuable asset to the community and should remain under city management. (April 29, 2014, Page 1, 8)