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Motion to waive $7,542.77 in penalties for former Regions Southeast Timber Fund II LLC fails after no second
Summary
After presentations by Resource Management Service and Regions Bank, a motion to waive $7,542.77 in penalties and interest for the former Regions Southeast Timber Fund II, LLC was moved but failed for lack of a second at the Stewart County Board of Commissioners' July 8 meeting.
Representatives from Resource Management Service and Regions Bank addressed the Stewart County Board of Commissioners on July 8 to request waiving penalties and interest owed by the former Regions Southeast Timber Fund II, LLC.
According to the record, Matt Ezekiel of Resource Management Service and Ben Whitaker of Regions Bank outlined the outstanding penalties and interest and asked the commission to waive payment of $7,542.77. Commissioner Joe Lee Williams moved to waive the penalties and interest; no commissioner seconded the motion, and it failed for lack of a second. No alternate motion or vote was recorded on the waiver request.
The transcript does not record additional debate or a staff recommendation on the penalty waiver; the record indicates that the request was presented, a motion was made and the motion failed for procedural reasons. No waiver was granted and no follow‑up remedy is recorded in the meeting minutes.
