|WCSI Local News|
The city of Columbus and Nusun, Inc. have agreed to part ways.
Our news gathering partners at "The Republic" report the Columbus Board of Public Works and Safety recently agreed to end foreclosure proceedings on a mortgage the company owed the city, in exchange for Nusun handing over its International Drive building. The company must pay its remaining unpaid property taxes and vacate the building by Jan. 31.
The paper reports Nusun and city government have been at odds this year over a 2011 agreement that gave about $800,000 to the company to locate in Columbus. The city council learned in August that Nusun was not complying with the agreement, triggering a clause that the company must start paying a $6,875 mortgage on its facility near Walesboro. The council also required the company to catch up its delinquent property taxes.
Nusun makes solar panels for the commercial power and renewable energy market.
For more information, go to www.therepublic.com
Last Updated: Tuesday, December 31, 2013 6:12:11 AM
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