Hopewell, defunct plant owners negotiate taxes

HOPEWELL, Va. (AP) — The owners of a defunct ethanol plant are negotiating with Hopewell officials over a delinquent tax bill totaling more than $1.5 million.

The Progress-Index (http://bit.ly/XBd3YB ) reports that City Council passed a resolution authorizing a settlement between Hopewell, Appomatox Bio Energy and Osage Bio Energy.

The resolution passed last week also authorizes the city manager to sign any document needed to move negotiations forward.

A settlement amount hasn't been determined.

Last October, the council voted to initiate a tax sale of the plant to recoup the back taxes.

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Information from: The Progress-Index, http://www.progress-index.com