Washington County and the Johnson City Development Authority are scheduled to sign the closing documents in the sale of the Downtown Centre on Thursday at 3 p.m.
The signing will take place at the office of local attorney Carl McInturff, who represents Washington County in the sale, according to county and JCDA officials.
The final approvals for the project took place just this week. On Monday, Nov. 28, the JCDA approved a resolution accepting a $2.2 million loan from Eastman Credit Union, and the Washington County Commission formally approved the sale and authorized County Mayor Dan Eldridge to sign all necessary documents on behalf of the county to complete the sale.
In the deal, the county is selling the building to the JCDA for $1 million. The Downtown Centre housed the county’s court system until 2009 when courts were moved to the larger George P. Jaynes Justice Center, leaving only a few county offices in the building.
With its loan, the JCDA will pay the county, contribute up to $1 million to the building’s renovations, and then lease it to Northeast State Community College. The lease signing will take place at a later date, JCDA officials said. JCDA will still own the building.
Northeast State officials began looking at the possible expansion opportunity in late November 2010. Classes are scheduled to begin sometime in 2012.