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Loan Agreement

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.
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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
By ANDREW SCHOTZ | andrews@herald-mail.com | August 21, 2011
Nine years after borrowing $300,000 from Washington County, director Ron Maxwell still owes about $263,000 in principal and interest. Maxwell borrowed the money in 2002, after making the Civil War film “Gods and Generals” in the Tri-State area, including Washington County. The loan agreement gave Maxwell until 2005 to start working on another Civil War film, based on Jeff Shaara's book “The Last Full Measure,” and to produce at least half of it in Washington County. Otherwise, Maxwell would have to repay the money, with interest, by 2010.
NEWS
January 27, 1997
By ELLEN LYON Staff Writer The third Maryland Theatre board member to resign this month stepped down Friday, citing concerns about the role of the still-to-be-hired director and possible violations of the theater's loan agreement with some local banks. City of Hagerstown Downtown Coordinator Karen Giffin said she had a philosophical difference with others on the board about what kind of a director should be hired to run the historic downtown theater. "I really felt we needed an executive director," said Giffin, a board member since July.
NEWS
February 2, 2001
Need a loan? Think twice about using your home as collateral If you need money to pay bills or make home improvements and think refinancing, a second mortgage or a home equity loan is the answer, consider your options carefully. If you can't make the required payments, you could lose your home, as well as the equity you've built. Don't let anyone talk you into using your home to borrow money you don't need. continued Not all loans or lenders are created equally.
NEWS
April 25, 2001
Civil war movie loan extended By SCOTT BUTKI scottb@herald-mail.com Loans amounting to $300,000 for the movie "Gods and Generals" will be repaid within 90 days, Washington County's assistant county attorney told the Washington County Commissioners Tuesday. Representatives of the movie will soon make an announcement about permanent financing and distribution arrangements, Assistant County Attorney John Martirano said. The County Commissioners agreed Tuesday to extend for six months loan guarantees for the producers of the movie based on the Civil War novel "Gods and Generals.
NEWS
by JENNIFER FITCH | January 19, 2006
waynesboro@herald-mail.com WAYNESBORO, Pa. - As the Waynesboro Ambulance Squad prepares to move to its new home on the borough's Main Street, it again is asking for public donations to help the squad make payments on a $1.3 million loan. The squad is scheduled to move to its new 16,000-square-foot headquarters at 603 W. Main St. in early spring, according to Brent Frain, squad chief. It also is looking to purchase additional property on the east side of the site for future expansion, he said.
NEWS
March 4, 2007
Hagerstown City Council Tusing Warehouse By a vote of 4-1, the Hagerstown City Council on Tuesday approved the sale of the Tusing Warehouse at 58 E. Washington St. to Hagerstown developer Milton N. Stamper for $110,000. Martin Brubaker - Yes Kelly S. Cromer - Yes Lewis C. Metzner - Yes Alesia Parson-McBean - Yes Penny M. Nigh - No Animal ordinance By a vote of 4-1, the Hagerstown City Council on Tuesday introduced changes to an ordinance to prohibit vicious and dangerous animals from living within the City of Hagerstown.
NEWS
by ANDREW SCHOTZ | May 27, 2006
WASHINGTON COUNTY - North Hagerstown High School's new stadium will include a synthetic-turf field, the Washington County Board of Education decided Friday, approving a $461,000 contract contingent on financing. The budget for a field with natural grass had been $227,000, Chris South, the board's director of budget and finance, said at Friday's board meeting. However, last week, a Hagerstown scrap metal processing business offered $250,000 more if the field would be synthetic turf, which supporters say is safe, durable and easy to maintain.
NEWS
By AMY JULIA HARRIS | The Charleston (W.Va.) Gazette | July 25, 2012
Mountain State University is planning to sell the 555,000-square-foot mall it owns in Martinsburg and to get rid of buildings at its Beckley campus to stay financially afloat in the upcoming months, the school's interim president said during a court hearing Tuesday. “The board of trustees has approved the general concept of downsizing MSU's physical plant and using the assets to sustain core activities,” said Richard Sours, interim president at MSU. “We haven't put any buildings up for sale yet, but that's a legitimate possibility.
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