On Tuesday, Mayor David Gordon announced the city had been awarded what he believes was the first-ever Community Development Block Grant for facilities improvement.
The $300,000 grant, approved by Gov. Bill Haslam, will fund a remodel of the Covington Municipal Center, which is the former First Baptist Church at the corner of Church and South Main streets.
From here, an environmental review and other pre-planning measures will take place before the grant funds will be released.
The work is expected to be completed by A2H Engineering.
Additionally, during the Finance and Administration Committee meeting, an update on the city's planned refinancing of general obligation bonds was given.
Gordon said the refinancing of $3.455 million in bonds will save the city an estimated $429,960 in payments through 2048.
A sales presentation for the nCourt software and program for handling online utility and court fines payments was given.
The city is entertaining the use of the software as it will save time and money for both municipal employees and citizens.
Members of the committee are expected to decide on the matter at a future meeting.