Henderson County Board of Commissioners Agreement Modification March 2026
City of Hendersonville Garrison Park Loan Remains in Force
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Description
The City of Hendersonville is a co-lender with the County under the 2020 agreement, providing half the funds for the Garrison Industrial Park land purchase. No amendment to the City's loan terms appears in the March 2026 action.
Contract Details
Contract Amount
One-half of purchase price (approx. $66,476 per acre minus pre-payments)
Vendor
CITY OF HENDERSONVILLE
Agency
Henderson County, NC
Contract Type
FINANCIAL_SERVICES
Document Date
March 15, 2026
Contract Term
20-year amortization, balloon payment 120 months from date of closing (as originally structured; only County portion discussed in 2026 modification)
Renewal Date
2030-11-18
Renewal Info
Original 2020 loan structured as 20-year amortization with 10-year balloon payment. As of March 2026, amendment impacts only County portion, not City's share.
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