Henry County Commissioners Make Deal To Get Re-paid

Henry County Com­mis­sion­ers say they may be closer to a res­o­lu­tion involv­ing a good chunk of change that is owed to the county.

Com­mis­sion­ers signed a pay-back agree­ment with Peter Colaraffi of Revenge Designs, to set­tle a loan of just over $300,000 that was tied to a project that never mate­ri­al­ized.

Colaraffi was given the money by the com­mis­sion­ers to help with start-up of a car pro­duc­tion facil­ity in Henry County.

As part of the pay­back agree­ment signed by Henry County Com­mis­sion­ers, a check for $25,000 has already been received from Colaraffi, who has also agreed to 9 monthly pay­ments, fol­lowed by a pay­ment of $160,000, due at the end of Novem­ber.

The pay­ments would stop the court pro­ceed­ings. But if any pay­ment is missed; the court case would be refiled, and com­mis­sion­ers would go for the full amount.