Washington County hears proposal to buy back industrial park

Published: Friday, August 22, 2014 at 12:10 PM.

CHIPLEY - The Washington County Board of Commissioners heard a possible plan to buy back the county industrial park during their Aug. 20 workshop.

Local economic leaders, including representatives from the Washington County Economic Development Board, Chamber of Commerce, and Terry Ellis, Vice President of American Operations of WestPoint Home, made the proposal.

The recommendation is that the board earmark funds generated by Northwest Florida Community Hospital's loan repayment for the facility's purchase from the county to buy back the industrial park.

The annual repayment, which is due beginning Dec. 2015, is anticipated to bring in about $96,000 a year for the county over the next 30 years.

"This money hasn't been budgeted in yet," said Washington County Chamber of Commerce Executive Director Ted Everett. "Let's earmark those funds to invest in the future development of Washington County so that (County Attorney) Jeff Goodman can open negations with the Concrete Company (to buy back the industrial park)."

The industrial park was sold to the Concrete Company for Project Pipe in the amount of $350,000, with the right for first refusal should the project not come to fruition.

The board agreed to task Goodman with drafting the paperwork to be discussed further at the regular meeting, which is scheduled for Aug. 28.

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