For Seneca, a deal practically done

August 31, 2012

All papers required for Seneca to become the new owner of a 475 thousand square foot building were signed yesterday. And Joel Seavey says final details are being taken care of today. The Seneca financial officer serves as an officer on the newly-created Seneca Facilities Corporation. The corporation will manage the building that city leaders envision to attract jobs and development. In an arrangement with T-D Bank, Seneca is pursuing capital tax credits to make it happen. Funds have been deposited into a lawyer’s trust account held by Mike Smith, the city attorney. As a partner to the city, Oconee County has acquired undeveloped property on the grounds of the complex. Seavey says that part of the deal was consummated at the end of April and was not part of this week’s transactions.

 

 

 

All papers required for Seneca to become the new owner of a 475 thousand square foot building were signed yesterday. And Joel Seavey says final details are being taken care of today. The Seneca financial officer serves as an officer on the newly-created Seneca Facilities Corporation. The corporation will manage the building that city leaders envision to attract jobs and development. In an arrangement with T-D Bank, Seneca is pursuing capital tax credits to make it happen. Funds have been deposited into a lawyer’s trust account held by Mike Smith, the city attorney. As a partner to the city, Oconee County has acquired undeveloped property on the grounds of the complex. Seavey says that part of the deal was consummated at the end of April and was not part of this week’s transactions.

 

 

 

 

 

 

WGOG > News > For Seneca, a deal practically done

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