Advertisement
YOU ARE HERE: HeraldMail HomeCollectionsLoan Agreement
IN THE NEWS

Loan Agreement

FEATURED ARTICLES
NEWS
By C.J. LOVELACE | cj.lovelace@herald-mail.com | April 16, 2013
The Washington County Board of Commissioners on Tuesday unanimously approved two measures to remedy situations involving two businesses that have defaulted on county-issued loans - canceling one and extending another. By a 4-0 vote, the commissioners accepted a request made by an official with T. Rowe Price to cancel the remaining portion of a $739,206 loan issued to a subsidiary company, TRP Suburban Second Inc., by the county in August 2010. Robert Mandley, project coordinator for the county, told the commissioners that the company contacted the Hagerstown-Washington County Economic Development Commission to ask to terminate the loan agreement due to a change in internal operations that would not allow the business to meet job requirements or capital investment goals.
NEWS
June 2, 2009
The Hagerstown Police Department has been loaned a four-wheel vehicle from Twigg Cycles Inc., which it uses to patrol in areas where a regular cruiser cannot be used, Hagerstown Police Chief Arthur Smith said Monday. The vehicle, which was used during the Western Maryland Blues Fest, also comes in handy for other calls. In one case, it was used to take a person to an ambulance after the person was injured in an accident near railroad tracks, Smith said. Through the loan agreement, offered through Yamaha, the department could get another vehicle if it gets a lot of use from the current one, Smith said.
NEWS
November 28, 1997
The Hagerstown Colt League will be getting a new backstop, fencing and one light pole at Hellane Park, according to a loan agreement City Council members approved Tuesday. Council members voted 4-1 to loan $18,150 to the league for five years at no interest. Councilman William M. Breichner cast the sole dissenting vote. Breichner said council members should consider funding these types of improvements for the league and similar groups. His no vote concerned a previous decision by the council to pay to install lighting for lawn bowling facilities at Pangborn Park that are used mainly be senior citizens.
NEWS
By JOSHUA BOWMAN | August 22, 2008
WASHINGTON COUNTY -- Washington County and the State of Maryland have agreed to loan a combined $1 million to Volvo to help the company install an engine-block machining line at its Hagerstown-area plant. The agreement, announced Thursday, came one week after Volvo Powertrain North America revealed plans to invest $50 million in the new engine-line operation, which the company says will create about 50 jobs at the Washington County plant. "Volvo is an important part of our business community, and this is a great project that will keep and create jobs in Washington County," said John F. Barr, president of the Washington County Commissioners.
NEWS
by DAN DEARTH | March 8, 2007
HAGERSTOWN - City officials will enter into a $115,000 loan agreement with the state to renovate the former Meda's Tavern on East Franklin Street. Last week, the Hagerstown City Council unanimously authorized acceptance of the loan from the Community Legacy Program, a state program that provides public funding for neighborhood revitalization projects. City Planning Director Kathleen Maher said city officials will pass the loan on to a developer to help pay for the building's renovation costs.
NEWS
August 1, 2008
Editor's Note: Each Friday, Herald-Mail reporters and editors will answer some of the questions that are called in by readers to Mail Call. Consider this us returning your call. Did county ever get paid back for Civil War movie? Q: "Can anybody tell me if the county ever got paid back for the movie 'Gods and Generals?' I called in on this once before and never heard anything, and I would appreciate it. The people up in Gettysburg insist we didn't, and if that's the case, what's the story on that?"
NEWS
April 9, 1999
Hagerstown City Council members agreed Tuesday to extend until May 31 loan guarantees to the makers of a planned movie based on a Civil War novel. Antietam Filmworks, a company set up by filmmaker Ronald Maxwell to produce "Gods and Generals," has borrowed about $355,000 from Farmers & Merchants Bank and Trust in Hagerstown. The county has guaranteed $250,000 of that amount and the City of Hagerstown has guaranteed $50,000. On March 30, the Washington County Commissioners extended their loan guarantees for 30 days.
NEWS
March 17, 1999
The Washington County Commissioners and Hagerstown City Council members said they want a status report on plans for a movie version of the Civil War novel "Gods and Generals" and a copy of the screen play before deciding whether to extend guarantees on a loan that is now due by March 31. The production company Antietam Filmworks has borrowed about $355,000 from Farmers & Merchants Bank and Trust, and has been making regular payments on the interest,...
NEWS
April 16, 2013
Scheduled meetings this week of the Washington County Commissioners and Hagerstown Mayor and Council (the Washington County Board of Education meeting scheduled for Tuesday has been canceled):   WASHINGTON COUNTY COMMISSIONERS County Administration Building 100 W. Washington St., Hagerstown Tuesday, April 16, 11 a.m. Agenda • 9:05 a.m.: Commissioners' reports and comments • 9:15 a.m.: Other business     (1) County attorney issues     (2)
NEWS
April 11, 2006
It seemed like a good deal at the time, loaning $300,000 to a film-maker who wanted to do the third leg of his Civil War trilogy here, It was October 2002 and director Ron Maxwell had finally completed filming of his epic Civil War film, "Gods and Generals. " With the help of a previous county loan, that production brought plenty of money into Washington County, as services were purchased, vacant buildings were leased to build sets and hotel rooms were filled with cast and crew members.
ARTICLES BY DATE
NEWS
April 16, 2013
Scheduled meetings this week of the Washington County Commissioners and Hagerstown Mayor and Council (the Washington County Board of Education meeting scheduled for Tuesday has been canceled):   WASHINGTON COUNTY COMMISSIONERS County Administration Building 100 W. Washington St., Hagerstown Tuesday, April 16, 11 a.m. Agenda • 9:05 a.m.: Commissioners' reports and comments • 9:15 a.m.: Other business     (1) County attorney issues     (2)
Advertisement
NEWS
By C.J. LOVELACE | cj.lovelace@herald-mail.com | April 16, 2013
The Washington County Board of Commissioners on Tuesday unanimously approved two measures to remedy situations involving two businesses that have defaulted on county-issued loans - canceling one and extending another. By a 4-0 vote, the commissioners accepted a request made by an official with T. Rowe Price to cancel the remaining portion of a $739,206 loan issued to a subsidiary company, TRP Suburban Second Inc., by the county in August 2010. Robert Mandley, project coordinator for the county, told the commissioners that the company contacted the Hagerstown-Washington County Economic Development Commission to ask to terminate the loan agreement due to a change in internal operations that would not allow the business to meet job requirements or capital investment goals.
NEWS
June 2, 2009
The Hagerstown Police Department has been loaned a four-wheel vehicle from Twigg Cycles Inc., which it uses to patrol in areas where a regular cruiser cannot be used, Hagerstown Police Chief Arthur Smith said Monday. The vehicle, which was used during the Western Maryland Blues Fest, also comes in handy for other calls. In one case, it was used to take a person to an ambulance after the person was injured in an accident near railroad tracks, Smith said. Through the loan agreement, offered through Yamaha, the department could get another vehicle if it gets a lot of use from the current one, Smith said.
NEWS
By JOSHUA BOWMAN | August 22, 2008
WASHINGTON COUNTY -- Washington County and the State of Maryland have agreed to loan a combined $1 million to Volvo to help the company install an engine-block machining line at its Hagerstown-area plant. The agreement, announced Thursday, came one week after Volvo Powertrain North America revealed plans to invest $50 million in the new engine-line operation, which the company says will create about 50 jobs at the Washington County plant. "Volvo is an important part of our business community, and this is a great project that will keep and create jobs in Washington County," said John F. Barr, president of the Washington County Commissioners.
NEWS
August 1, 2008
Editor's Note: Each Friday, Herald-Mail reporters and editors will answer some of the questions that are called in by readers to Mail Call. Consider this us returning your call. Did county ever get paid back for Civil War movie? Q: "Can anybody tell me if the county ever got paid back for the movie 'Gods and Generals?' I called in on this once before and never heard anything, and I would appreciate it. The people up in Gettysburg insist we didn't, and if that's the case, what's the story on that?"
NEWS
by DAN DEARTH | March 8, 2007
HAGERSTOWN - City officials will enter into a $115,000 loan agreement with the state to renovate the former Meda's Tavern on East Franklin Street. Last week, the Hagerstown City Council unanimously authorized acceptance of the loan from the Community Legacy Program, a state program that provides public funding for neighborhood revitalization projects. City Planning Director Kathleen Maher said city officials will pass the loan on to a developer to help pay for the building's renovation costs.
NEWS
April 11, 2006
It seemed like a good deal at the time, loaning $300,000 to a film-maker who wanted to do the third leg of his Civil War trilogy here, It was October 2002 and director Ron Maxwell had finally completed filming of his epic Civil War film, "Gods and Generals. " With the help of a previous county loan, that production brought plenty of money into Washington County, as services were purchased, vacant buildings were leased to build sets and hotel rooms were filled with cast and crew members.
NEWS
By TARA REILLY | April 8, 2006
HAGERSTOWN The Washington County Commissioners likely will discuss a deal with director Ron Maxwell to extend a $300,000 loan agreement after hearing there's a chance the Civil War movie, "The Last Full Measure" will be made, County Attorney Richard Douglas said Friday. But Jeff Shaara, who wrote the novel, "The Last Full Measure," said he's not aware of any developments that indicate a movie with the same name will be produced. "No one has approached me with a deal or with a contract or with any news ...," Shaara said by phone Friday.
NEWS
By DAVE McMILLION, Charles Town | December 16, 1999
MARTINSBURG, W.Va. - Saying downtown Martinsburg is turning a corner in revitalization efforts, city officials on Thursday announced a variety of low-interest loans, tax credits and other funding programs intended to spur investment in downtown properties. City officials announced the incentives in a newly renovated 99-year-old home at 216 W. Race St. There are scores of historic homes in the Race Street, Spring Street and John Street areas that could be showplaces if they were bought and renovated, said Kitty DiPanfilo, who bought the house in which the announcement was made.
NEWS
April 9, 1999
Hagerstown City Council members agreed Tuesday to extend until May 31 loan guarantees to the makers of a planned movie based on a Civil War novel. Antietam Filmworks, a company set up by filmmaker Ronald Maxwell to produce "Gods and Generals," has borrowed about $355,000 from Farmers & Merchants Bank and Trust in Hagerstown. The county has guaranteed $250,000 of that amount and the City of Hagerstown has guaranteed $50,000. On March 30, the Washington County Commissioners extended their loan guarantees for 30 days.
The Herald-Mail Articles
|