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ORANGE COUNTY ABC BOARD —AGENDA FORM <br /> Meeting Date: October 18 2022 Agenda Item # <br /> Regular Session X <br /> Closed Session <br /> Presenterlinformation Contact: Tony DuBois <br /> Subject: Loan Payoff <br /> With the reclassification of the lease liabilities now being turned to assets the board has <br /> a larger than anticipated bottom line this past fiscal year. Staff received a payoff quote <br /> to eliminate the debt owed for the construction of the store on Perkins drive in Chapel <br /> Hill. The remaining outstanding debt the board will maintain is for the construction of the <br /> store in Mebane. If this is approved staff will bring a budget amendment to the meeting <br /> in November. <br /> �1 t <br /> 1 1 i�i <br /> J�V <br /> �9�4J <br /> 'a <br /> I(ID <br /> Staff recommends: <br /> Approve Paying off the debt for store #3. <br /> Page 1 of 1 pages <br />