County to write off three old business loans.
Perry County Treasurer Mary Jane Craft and staff during her first year in office has spent a lot of time taking care of some financial housekeeping.
Some of that work has dealt with tracking old business loans sponsored by the county, some of them dating back to the 1990s. She has found some disciplined loan repayments and others that were not.
At the end of the day she has identified three old loans that were not repaid, he businesses are defunct and there is a belief that the borrowers neither exist or else or not acessible to ever collect on those loans.
To that end, Craft has made a recommendation to the Perry County Board of Commissioners that three loans be written off altogether and she wanted to advice and consent of the board to do so.
Economic development director Jeff Ashauer said the loans are so old that very few even remember what they were about. One was to a short-lived company called Enco, a powder coating company that operated for a short time out of the Pepsi building in Du Quoin. Others were companies called Tooltech, Inc. and Nuwave, LLC. (not New Wave Communications), a personal watercraft fabricator. Writing them off doesn't preclude them from being collected if the opportunity presents itself. Largely, both the cities of Du Quoin and Pinckneyville as well as Perry ounty have a great track record on repayment of business loans.
The board was meet at 2 p.m. on Thursday and approved the following agenda items:
The board Ratified the chairman's re-appointment of Paul Pyatt to Perry County Zoning Board of Appeals.
The board approved a raffle license for the Pinckneyville Knights of Columbus #2921 (2015-RL-02)
The board ratified the chairman's appointments to Perry County 911 board, Jamie Ellermeyer and Alan Morris.
The board approved the payment of claims, then adjourned.
The next meeting of the board is February 4, 2016 at 6 p.m.