Aldermen approve casino amendment
Published 1:39 pm Wednesday, February 15, 2012
NATCHEZ — The Natchez Board of Aldermen voted 5-1 at a specially called meeting Wednesday to approve a third amendment to the city’s lease with Roth Hill casino developers.
Ward 6 Alderman Dan Dillard voted against the third amendment. The board met in executive session with its outside legal counsel, Scott Andress of Balch & Bingham, for approximately 45 minutes before the vote.
Andress outlined the provisions in the third amendment that include, among other things, the payment of the $1 million contribution from Natchez Enterprises for a YMCA, recreation center or Civil Rights museum to be spread out over a period of three years beginning one year after the casino opens. Natchez Enterprises will also pay 5-percent interest on the last two payments that total $666,666, bringing the total contribution to $1,050,000.