MILLINOCKET, Maine (NEWS CENTER) -- A special town meeting and executive session was scheduled for Tuesday afternoon to discuss the unpaid balance by Cate Street managed Great Northern Paper. The company was supposed to pay the town a total of $1.2 million in unpaid taxes by end of day Monday, but that deadline came and went.
Town leaders Millinocket Town Manager Peggy Daigle called the special meeting to review all legal options with council members. They met with the town's lawyer via telephone conference to discuss the absent payments.
Originally, an agreement between the town and GNP West mapped out four payment plans. Rather than the $1.2 million owed, the town has only received $358,500.
The next step could be filing liens against the company for the remaining balance.
Town Manager Peggy Daigle said she has not heard anything from the company about missing the deadline Monday afternoon.
The town of Millinocket is not the only entity requiring payment from Cate Street managed companies.
Penobscot County Registry of Deeds showed Cate Street managed companies owe a lot of money to various entities.
According to the Registry of Deeds, Cate Street managed companies owe the IRS $2.5 million for Millinocket and East Millinocket properties.
Then there is the money owed to the towns themselves. GNP West owes Millinocket a remaining balance of $830,837.63. GNP East owes East Millinocket $682,033.