Budget Committee, March 9, 2026
Recommends approval: Highway equipment inter-fund loan debt obligation report (CON series 2026), passed
What happened
On March 9, 2026, the Budget Committee recommended approval of Highway equipment inter-fund loan debt obligation report (CON series 2026).
The Lawrence County Budget Committee approved a Tax Increment Financing (TIF) agreement for a new Hampton Inn in Marksburg (developed by GHD Properties / Gobble High Duke), not to exceed $1 million plus interest, contingent on the City of Marksburg Industrial Development Board's…
- Jurisdiction
- Lawrence County, TN
- Governing body
- Advisory (makes a recommendation)
- Date
- March 9, 2026
- Decisions
- 7 zoning decisions
- Outcome
- Recommends approval, passed
- Next step
- Final board vote (pending)
Free sample: decision 1 of 7
Hampton Inn TIF Agreement
TIF agreement for a new Hampton Inn developed by GHD Properties (Gobble High Duke), not to exceed $1 million plus interest. Developer procures the loan; property taxes reimburse it over a 10- or 15-year term. Total investment estimated at $15.5-$16.5 million; combined city/county property tax estimated at $110,000-$120,000 annually. Approved and sent to full commission, contingent on City of Marksburg IDB public hearing March 23rd.
- Contingent on passage/approval at the City of Marksburg Industrial Development Board public hearing on March 23rd
The other decisions are listed below. Available full write-ups and conditions are included with Pro.
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Key Decisions (7)
Hampton Inn TIF Agreement
Water line extension - add sixth household
Child support grant contract amendment
Highway equipment inter-fund loan debt obligation report (CON series 2026)
EMS rate changes
New ambulance purchase
General fund budget amendments
Full write-ups and conditions for all 7 decisions in Pro.
Development Activity (1)
Hampton Inn (Marksburg)
Commercial
Market Signals (3)
Commercial Demand
A new $15.5-$16.5 million Hampton Inn is being developed in…
Infrastructure
The county is considering creating a countywide water line assistance…
Infrastructure
Lawrence County EMS operates at a loss ($1.4M revenue vs…
Who spoke
10 distinct speakers; 2 identified names.
All speaker roles: 3 Staff, 5 Board Member, 2 Chair.
Identified name roles: 2 Staff.
Speaker sample: Brandi, Staff.
1 more identified name in Pro: 1 Staff.
Full speaker roster in Pro
Meeting audio
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Audio in Pro
Zoning terms (4)
9 recorded timestamps
- industrial (4 timestamps)
- public hearing (1 timestamps)
- approved (3 timestamps)
- motion to approve (1 timestamps)
Decision moments (7)
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Go deeper on this meeting
7 recorded decisions, 3 conditions across 2 decisions. Available full write-ups are included with Pro for Lawrence County.
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