Citizen Portal
Sign In

Board presses for numbers, options on long-delinquent Chattahoochee property tied to Apostolic Faith

Gadsden School Board · November 18, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Board members asked finance staff for exact unpaid balances and documentation on a mortgage and promissory note tied to an Apostolic Faith property at Chattahoochee High School, discussed options including foreclosure or selling the mortgage and agreed to seek a representative from the church and legal review before proceeding.

At the Nov. 13 finance workshop the chair raised renewed concern about a mortgageed property linked to Apostolic Faith at Chattahoochee High School, saying prior boards had discussed foreclosure. Board members pressed for precise accounting and for staff to invite a church representative to explain their position and payment plan.

Miss Bruner said she has been working on an amortization spreadsheet and that extra payments complicate interest calculations; she said coding in Skyward has required manual spreadsheet tracking and some recent payments still need to be recorded in the current fiscal year.

Board members and staff discussed the district's legal remedies under the promissory note and mortgage, including foreclosure, selling the mortgage to a third party or seeking refinancing. A legal/unnamed staff speaker noted that accepting late payments does not necessarily waive the board's rights under promissory-note language and that the board must examine contract terms to confirm available remedies.

Members asked that staff provide: (1) the current balance and updated amortization schedule, (2) documentation of recent payments and how they were posted, and (3) an invitation to the property's representatives to appear before the board. No motion was made at the workshop to initiate foreclosure; the board asked for further information and legal guidance before any formal action.