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Commissioners sign reimbursement agreement to send $250,000 to Flying J management as part of water-district bankruptcy settlement
Summary
The board approved a reimbursement confirmation agreement related to a bankruptcy settlement tied to the county water district; the agreement confirms distribution of $250,000 held in a capital account and clarifies that signing the paperwork does not create additional fiscal liability for the county, per the prosecutor's review.
The County Board of Commissioners approved a reimbursement confirmation agreement to deliver a $250,000 bankruptcy-related payment to Flying J management as part of a long-running water-district matter.
County staff and water-district representatives described decades of history: an Ohio Water Development Authority (OWDA) loan originated in 2007, an extended period of low development left the water tower underused, and a bankruptcy involving Flying J (later acquired by Pilot) altered repayment and interest schedules. Staff described the loan's original principal and the effects of interest accrual and subsequent payments:…
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