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Council approves airport loan, land purchase, interlocal changes and election order in single package of votes
Summary
Council approved a $600,000 intergovernmental loan to fund airport hangar improvements, a negotiated land purchase for the Park Plaza project, a $58,355 contract change order offset, an amended interlocal with Mineral Wells ISD, and an order to schedule the May 2 election; most motions passed unanimously or by recorded roll call where required.
In a series of administrative and economic development actions on Feb. 17, the Mineral Wells City Council approved several measures moved together or taken in sequence.
Intergovernmental loan for airport hangar: Council approved an intergovernmental loan agreement authorizing Tax Increment Reinvestment Zone No. 2 to provide $600,000 at 5.8% annual interest over 10 years to pay for required improvements (fire suppression, asbestos abatement, stairwell access) at Hangar AP 5100 in the Mineral Wells Regional Airport…
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