The Hall County Board of Commissioners approved settlement terms Thursday night in a lawsuit with the city of Gainesville over special purpose local option sales tax. Gainesville sued Hall in February for about $5.3 million, asserting the county breached a 2008 agreement to pay the city accelerated special purpose local option sales tax payments for the first four years of a six-year period, with the city paying back any excess funds during the last two years. County Attorney Bill Blalock said he had worked out an agreement with Gainesville, but had not yet drafted the settlement agreement documents, which is supposed to be filed with the Superior Court by 3 p.m. today.
Hall board OKs SPLOST settlement terms
Gainesville to receive $5.3M in 9 payments over 48 months