Display comments as (Linear | Threaded)
“This is a huge decision by our county. I believe everyone here realizes that. This is a stepping stone of where our county is going to go.”
“Through the duration of the loan.”This would mean that the county would be responsible for the line item for the next twenty years. If the payments are deferred for the first five years, which is an option, that puts the loan in effect until 2040.
“Hopefully in that nine year period we can land a tenant to use the lease money to pay for the loan. That money is not guaranteed to happen. We need this as a guarantee to be able to secure the loan.”
“We came real close…super…super close to landing a Fortune 500 company on that site. We got to the top three. They decided to do something different. They remodeled a place in Henry County that suited their needs better.”
“At this point I am not approving that piece of property. If I decide to second this motion it would be strictly to move forward with this spec building in hopes it turns out like the Blue Ridge Textile Facility (FDA owned building that is prosperous.)"