Cleveland County approves acquisition and $6 million financing plan for Job Ready Shell Building 3
The County unanimously approved acquiring Parcel 58557 from the City of Shelby and authorized installment financing of up to $6,000,000, recommending Truist Bank's ten-year taxable proposal with estimated annual debt service of about $675,000.
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The Cleveland County Board of Commissioners voted March 17 to acquire Parcel 58557 from the City of Shelby for a Job Ready Shell Building 3 project and to approve installment financing to cover construction and associated costs.
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