Some Georgetown School staff members will be armed this fall Local Democrats host Jerry Springer at dinner Chamber of Commerce discusses development Gerald P Morel Lady Broncos capture softball program’s 5th straight SBAAC American Division title Warriors on top in SHAC Division I standings Lady Broncos take first in Western Brown Track Invite Rockets leading way in SHAC Div. II James E Newman Paul E Funk Alan Hanselman Robert V Nash III Frances L Poole Minnie E Fisher Donovan M Pope Irvin E Stiens Myrtle L Lane Ralph L Davidson August J Pace Carl R Brown Phyllis J Beard Lady G-Men complete sweep of Tigers in SBAAC Nat’l Division G-Men pluck Cardinals, 6-4 Warriors climb to 4-1 in SHAC with victory over North Adams Broncos rally in 7th for 5-4 win over Batavia Blue Jays still in search of first win Three million dollar jail expansion planned Higginsport enforcing speed with camera Unemployment rate falls in county, southern Ohio Varnau not restricted from talking online about Goldson case Rockets fall to 4-1 in SHAC with loss to North Adams Bronco tennis team tops Bethel-Tate, 5-0 Lady G-Men rise to 7-4 with win at Goshen Lady Broncos’ big bats hammer out 11-0 win over Batavia G-Men showing improvement Keith Shouse Diane L Steele August Hensley Louise R Murrell Fire strikes Mt. Orab Bible Baptist Church Grant Days 2017 attractions Man accused of sex crime, giving pot to kids Ten indicted by Brown County Grand Jury 5th Annual Rick Eagan Memorial 5K Run/Walk coming up in May Birds of Prey Three sentenced in common pleas court John H Young II Sally A Gibson Barbara Burris Mary Ann Napier Martha L Newland Marlene Thompson Patricia A Firrell Kellie J Berry Mt. Orab, Hamersville students take part in ‘Hoops for Heart’ Eastern players take part in District 14 All-Star Games DeWine meets with local officials Eastern Superintendent praises students accomplishments during board meeting Local author’s story appears in new book Four sentenced in common pleas court Three to run for Municipal Judge Grant Days 2017 coming in April Lincoln’s Generals at Grant Days Brenda R Harris Mock crash staged at Georgetown High School Georgetown to hire eighth full time police officer Reception honoring Becky Cropper April 2 PRC to host annual community supper Rockets blast past the Blue Jays Georgetown hosts ‘season opener’ track and field invite Lady Rockets cruise to 10-0 win over Ripley Lady Warriors, Lady G-Men split games in season opener double-header Bobby A Reed Harold L Barger Ralph M Gaither Stranded students rescued by Brown County cooperation 4-H Teen Ambassador Dunning attends SHOT Show Veterans Service Commission invites veterans to seek help with benefits Unemployment rate rises in Brown County Pick a Lollipop, help a dog A season to remember G-Men hit the field for first baseball scrimmage Eastern’s Rigdon, Purdy earn AP SE District Div. III honors New blocking, kicking rules address risk minimization in high school football Judy A Schneider James M Darnell Lawanda R Truesdell Paul E Grisham Arrelous R Rowland Dennis E Stivers David M Daniels Fayetteville man is charged with child porn April 1st Grand Opening for Jacob’s Ladder Resale Boutique in Georgetown Talent Show auditions at Gaslight Theatre Nine indicted by county grand jury Vietnam Veteran’s Memorial Wall visit coming next May to BC Fairgrounds In it to win it! Bronco wrestlers end season on successful note Eastern’s Hopkins finishes 5th in long jump at OATCCC State Indoor Track and Field Meet SBAAC awards academic all-stars, winning teams

The Brown County Commissioners paid off a substantial loan worth more than $726,000 to First State Bank

GEORGETOWN — In one fell swoop, the Brown County Commissioners wiped out about one-third of the county’s debt.

Thanks to money earned in a property sale of the site of a future automall in Mt. Orab, the Brown County Commissioners were able to pay down the remainder interest and principal remaining on a $750,000 loan from First State Bank taken out in 2009. The commissioners presented a check to First State Bank’s Mt. Orab manager Vince Roades worth $726,742.98.

“You better believe it,” Commissioner Daryll Gray said in response to a question if this was a big day for the county. “We’ve got two more (big loans) and if we pay those off we would be in good shape.”

According to Commissioner Barry Woodruff, the original loan was secured in order to pay for a new roof on the Brown County administration building, which houses the Brown County Board of Elections, treasurer, auditor, commissioners, and more, as well as to pay for the construction of the building that houses the Brown County Prosecutor’s office and the Brown County Juvenile/Probate court.

Since acquiring the original $750,000 loan in 2009, the commissioners had been paying on interest twice a year, about $13,000 per payment. Earlier this year, the commissioners paid down $25,000 of the principal, and after acquiring $616,579 from the property sale in Mt. Orab, they were able to pay down the rest of the owed principal and interest on the loan.

The Mt. Orab Port Authority sold the property, where Mark Williams is now in the construction phase of two 18,000 square foot car dealerships on a nearly 30-acre piece of property along State Route 32. Williams is planning on moving Mt. Orab Ford to that location as well as Peebles Chrysler Dodge Jeep Ram. There’s also the potential to build three more dealerships on the site, as well as a restaurant and a hotel.

The Brown County Commissioners paid off a loan from First State Bank with money acquired in the Mt. Orab automall property sale. Shown, from left to right, are Commissioners Tony Applegate and Daryll Gray, First State Bank’s Vince Roades, and Commissioner Barry Woodruff.
http://newsdemocrat.com/wp-content/uploads/2015/09/web1_LoanPayment-DanielKarell-.jpgThe Brown County Commissioners paid off a loan from First State Bank with money acquired in the Mt. Orab automall property sale. Shown, from left to right, are Commissioners Tony Applegate and Daryll Gray, First State Bank’s Vince Roades, and Commissioner Barry Woodruff.
Automall sale helps pay off 1/3 of county debt

By Daniel Karell

dkarell@civitasmedia.com

Reach Daniel Karell at 937-378-6161. Follow him on Twitter @GNDKarell

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