Qualified citizens are encouraged to apply for appointments to the Community Investment Trust’s Board of Trustees and its Committee on Contributions
The City of Murfreesboro is seeking strong financial expertise to manage the Trust’s assets. The Trust will provide decades of funding for the City’s critical infrastructure needs and increases the funding available to charitable organizations that serve community through various important programs.
The Trust is funded from sale of the City’s electric distribution system to Middle Tennessee Electric Membership Corporation (MTE) for $240 million, which is paid incrementally over 15 years with interest.
The City Council created the community trust structure to manage this revenue stream and provide the maximum benefit to the City’s taxpayers.