Avard Regional Rail Park Authority meets
January 12, 2017
The members of the Avard Rail Authority met Tuesday night and reviewed the financial reports. The entity has $5,342,302.71 in assets and liabilities of $1,055,010.39. A report was given that Chaparral Drilling Fluids has filed for bankruptcy and it would be wise to remove their debt of $14,499.99 from the asset list to more accurately reflect the current situation.
Todd Holder brought up the need for some rain maintenance work at the rail park. As rock has been hauled in and out of the rail park, some of the gravel-sized rock has fallen between the rails and in some cases has accumulated as hi...
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