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Evansville City board approves minutes, extends TrueVest loan and authorizes EDA plan submission
Summary
At the Evansville City board meeting members approved the Feb. 28 minutes, granted a 12-month interest-only extension to a TrueVest loan with a balloon payment due June 1, 2026, and authorized staff to submit the EDA plan for the revolving loan fund due in July.
The Evansville City board voted to approve the minutes from its Feb. 28 meeting, approved a 12-month, interest-only extension for a TrueVest loan with a balloon payment due June 1, 2026, and directed staff to submit the city’s Economic Development Administration (EDA) plan for the revolving loan fund, which is due in July.
Board members opened the meeting by approving the previous meeting’s minutes after a motion and second and a voice vote. The board then heard an update from Lisa, a staff member, about TrueVest’s request for revised loan terms. Lisa said…
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