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Geneva County closes sale of spec building; $447,656.92 check to be used to repay Wiregrass Electric loan
Summary
County Attorney Phil Eldridge reported the spec building sale closed last Friday; the check for $447,656.92 is at the attorney's office and will be used to pay off the remaining Wiregrass Electric loan once deposited.
The commission was informed that the spec building sale closed the prior Friday and that the closing check for $447,656.92 is at the county attorney's office in Dothan. County Attorney Phil Eldridge stated that, when the check is received and deposited, the county will use the proceeds to pay off the balance of the loan from Wiregrass Electric.
No additional motions or votes were required at the meeting; the item was presented as an update under old business. The county will confirm deposit and loan payoff in a future staff report.
