County Agrees To Refinance Airport Debt

December 21, 2009

Huntsville, TN (2009-12-21) The Scott County Commission has agreed to consolidate and refinance outstanding financial obligations of the Scott County Airport Authority, agreeing to assume the Authority’s debt provided the quasi-governmental entity pledges to remit all revenues from the lease of a hangar on the property, along with all other revenues, including one-time and recurring income for a residential air park adjacent to the Airport, to the County to help retire the note. [ Read More ]

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