The Jefferson County Quorum Court is set to consider an emergency appropriation to cover more than $164,000 in overdue loan-related expenses tied to a long-standing equipment lease agreement during a special-called meeting Monday.
According to agenda documents, the proposed ordinance would allocate $164,500 from the county’s general fund at the request of County Judge Gerald Robinson.
The funds are intended to cover multiple components of a commercial loan obligation, including principal, interest and accumulated late fees. The breakdown includes $75,381.85 for principal, $74,618.15 for interest and $14,500 for accounting costs and penalties associated with missed payments.
County officials indicate the late fees stem from a payment due April 1, 2025, that was not processed in a timely manner. The issue was not brought before the quorum court for approval until June 2025, allowing penalties to accumulate.
Financial records show the account is currently delinquent, with the total amount due reaching $164,500. Correspondence tied to the loan indicates the missed payment could be considered a default under the agreement, potentially opening the door for further action by the lender if not resolved.
The loan originates from a 2018 equipment lease purchase agreement between Jefferson County and Sterling National Bank, which has since been assumed by Webster Bank. The agreement financed approximately $2.3 million for energy-related infrastructure improvements tied to a county performance contract.
Under the terms of the agreement, the county is responsible for scheduled annual payments over a multi-year period, with both principal and interest obligations outlined in a structured repayment schedule.
While previous payments have been made, the most recent delinquency has raised concerns about compliance with the agreement moving forward. The loan carries an interest rate of just under 4 percent and includes long-term obligations that extend several years into the future.
If approved, the ordinance would authorize the county judge to distribute funds to bring the account current and cover the accrued penalties. The measure is being introduced by Justice of the Peace Ted Harden, who chairs the court’s Budget and Finance Committee.
The special meeting is scheduled for 5:30 p.m. Monday at the Jefferson County Courthouse.
