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Owens Cross Roads reports City Hall building loan paid off
Summary
City Clerk-Treasurer Christie Eason told the council the City Hall building loan reached maturity and the city paid off the remaining balance in full; the City Hall building is now owned free and clear by the city. The transcript does not list payoff amount.
City Clerk-Treasurer Christie Eason informed the Owens Cross Roads City Council on Jan. 27, 2026, that the City Hall building loan reached maturity and the city paid off the remaining balance in full.
Eason said the city now owns the City Hall building free and clear. The transcript does not specify the payoff amount, lender, or whether the transaction required council authorization at this meeting.
Why it matters: paying off municipal debt removes a recurring debt-service obligation on the city’s books and transfers full title to the municipality. Budgetary or operational follow-up—such as re-allocating debt-service funds—was not discussed on the record.
For details such as the payoff amount, lender and any accounting entries, contact the City Clerk-Treasurer or review the city’s financial records.
