Thursday, June 11, 2015

Oconee County Industrial Development Authority Approves Payment Against Caterpillar Bond

Never Uses Name

The Oconee County Industrial Development Authority agreed on Monday to contribute $50,000 to the nearly $700,000 payment due next year for the bond for Caterpillar, but IDA Chairman Rick Walker told anyone who was listening not to expect a similar payment in the future.

The payment for the Caterpillar bond was part of the $120,500 budget approved by the Authority at its regular meeting in the Courthouse on Monday afternoon.