SCHOOL LOAN

POSTED BY: News Department
Tuesday, May 1, 2001 - 10:46 AM
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Bank One is reassigning the loan for Starlight Schools. The loan, which is for over $750 thousand dollars was used to purchase a new roof and add air-conditioning to the school. The loan transfer to another bank will not affect the conditions of the loan, but Muskingum County Commissioners still has to sign the paperwork. Hill said Bank One transferred the loan after reevaluating the bank portfolio. The annual payment for the loan is ninety thousand, four hundred and forty five thousand dollars.

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