County takes out $650K loan, renegotiates bond terms
Published: August 7,2012
NATCHEZ — The Adams County Board of Supervisors has voted to take out a $650,000 loan to fund road work and also voted to renegotiate an approximately $2.6 million road bond to reduce the payments the county pays on the bond each year.
The Natchez Democrat reports the supervisors awarded a bid for the $650,000 “negotiable note” to Concordia Bank & Trust.
County administrator Joe Murray the original intention was to refinance the $2.6 million road bond with Trustmark National Bank and add $650,000 to the bond.
The principal payment and half of the interest payment will be due in March, and the rest of the interest payment will be due in September.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
Still planning that summer vacation?
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Silver Airways ordered to continue service
- Seafood R’evolution set to make Mississippi ‘the new culinary epicenter of the South’
- Bryant signs controversial abortion ban bill
- Two Delta groups getting economic development funding
- Pharma Pac lays off rest of workers; could end up owing state
- Plans unveiled for large shooting range on Coast
- Soybean yield more than doubles in less than a decade
- Ole Miss launches commitment to be 'climate neutral'
- Biloxi baseball project still alive but may be held for 2015
- Yarber could be sworn in today as new Jackson mayor