UPDATE: “It would appear that the City of Teague was overpaid by $1,063,703 over the period of time,” related Bill Brown during his presentation to Fairfield City Council on Tuesday, July 9, 2019.

The CPA had been asked by Fairfield’s attorneys to analyze the Interlocal Agreement between Fairfield and Teague, going back as far as possible – which in this case was back to 1995.

The findings were arrived at by using the formula stipulated in the Agreement between the two cities, and examining Fairfield’s annual financial audits to see what had actually transpired.

Complete details of this presentation will appear in next week’s edition of The “Times.”

  During their regularly scheduled meeting this Tuesday, July 9th, the Fairfield City Council will receive an analysis on the Interlocal Agreement between the City of Fairfield and City of Teague.

  In the early 1990’s, the two cities partnered with TDCJ to provide water and wastewater facilities for the construction of the Boyd Unit prison located on Highway 84 between Fairfield and Teague.  

  On May 14, 2019, the City of Fairfield satisfied their debt for the TDCJ project with a final payment in the amount of $130,325 deposited in escrow with the City of Fairfield’s lender. 

  That same week, attorneys for the City of Fairfield officially informed Teague Mayor James Monks and Teague’s City Attorney that, with the debt no longer outstanding, the Interlocal Agreement between the two cities is no longer in effect. 

  The certified letter requested records from Teague concerning their initial bond, payment schedule, and “evidence that all the money Fairfield has paid Teague over the life of the Interlocal Agreement has, in fact, gone towards the debt issued by Teague in connection with the Project.”      

  According to City Administrator Nate Smith, to his knowledge, the requested information has not yet been received as of last week.

  Look for news coverage of this meeting next week. 

In the meantime, this week’s edition, heading to newsstands Tuesday evening, includes information about a new City ordinance that will allow the sale of alcohol at community events in public places and parks.

  Subscribers can read the e-Edition now. Give us a call, if you need your password, at 903-389-6397.