HGC to loan company funds for purchase of manufacturing facility

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Henrietta could soon be the home of a new manufacturer, filling the plant left vacant since Silver Creek Homes closed production in 2009.

The manufacturer is expanding, and hopes to put the facility to use. Monday night, Henrietta Economic Development Director Rick Langford presented a request for business assistance to the Henrietta Growth Corporation. The request was from a corporation that hopes to purchase the former Silver Creek facility and lease it to the manufacturer.

David Silvertooth, owner of the plant, told The Pioneer Sentinel in July that the property was “under contract” for purchase by the company.

The buyer is asking for a loan from the HGC to cover the $375,000 asking price. The buyer will pay 50 percent down and 5 percent interest over five years. The HGC will be the first lien holder on the property.

With the HGC’s favorable vote, approval of the proposal will require two public readings of a contract between the HGC and the business over a period of 60 days, and the vote of the Henrietta City Council.

The first public reading will be during the council’s meeting Monday, Aug. 13, followed by a second reading Sept. 10.

The HGC board approved the request. Tracey Jennings, attorney for the City of Henrietta, will draw up a contract for the loan.

In his director’s report, Langford said he has been approached by a new homebuilder interested in constructing houses in the Western Estates addition.

Langford also said a retail business with property near the Best Western motel and plans to expand into Henrietta is interested in purchasing additional acreage along Highway 287. With the additional space, the retailer could construct a larger facility and possibly branch into fuel sales. The business has 1.3 acres west of the hotel, and could purchase all 16 acres available.

Langford said both the builder and retail business owner would be in attendance at the next HGC meeting, Aug. 27.

In other business, the HGC board accepted bids for the sale of golf course equipment. The HGC took possession of the equipment after the 4C’s golf course in Henrietta closed earlier this year.

Gene, Randy and Brad Franklin of Henrietta purchased the course with plans of keeping it operational under the direction of the 4C’s. After the sale, the 4C’s corporation dissolved.  The corporation had borrowed funds from the HGC to purchase equipment.

The HGC accepted bids of $800 each for six golf carts from Randy Franklin; $9,500 for a greens mower from Luber Brothers, Inc., of Irving; and $2,500 for a fairway mower from Luber Brothers, Inc.

The equipment was purchased in 2010.

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Pioneer Sentinel

The Pioneer Sentinel is an online newspaper designed to deliver the news of Clay County, Texas, in a concise and community-friendly format.

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