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Bradford County commissioners approve payoff of promissory note to prevent fairgrounds foreclosure
Summary
The Bradford County Board of County Commissioners voted 5-0 to authorize the county manager to move forward with paying the promissory note held by Jim Gissy that encumbers the Bradford County Fairgrounds; officials said closing could occur this Friday and that operational decisions will follow at a later meeting.
The Bradford County Board of County Commissioners voted 5-0 on Feb. 24 to authorize the county manager to move forward with paying the promissory note held by Jim Gissy that obligates the Bradford County Fairgrounds, a move officials said is intended to prevent immediate foreclosure and secure the property.
County Manager said the county had spoken with the lienholder and his attorney and that the county’s attorney, Mr. Commando, and the lienholder’s attorney were working out payoff language; the manager also said the county could anticipate a closing date of this coming Friday. "...I spoke with the lienholder, Mister Gissy... [he] put me in touch with his attorney and... the 2 of them are working out the details as far as the language for the payoff," the County Manager said.
The vote followed…
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