Missouri Coop Celebrates New $3 Million Home
Posted on May 2, 2011 in Corporate Governance, Rates | Comments Off on Missouri Coop Celebrates New $3 Million Home
Tri-County Electric Cooperative, Inc. recently moved into a new home. The coop chose to invest in the new building to replace its four former buildings, many of which had fallen into disrepair due to age. The board pursued repairing the older buildings, which ranged in age from 23-93 years, but it found a minimum cost of over $1 million. The board was able to secure interest rates below 4.5 percent on its new facility, and the 30-year note will be paid back by members at a charge of $2.70 per meter each month. The Kirksville Daily Express has the full story.
