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Murray County Board approves three EDA Revolving Loan Fund loans totaling $55,624.56
Summary
The Murray County Board approved three loans from the EDA Revolving Loan Fund on Oct. 2: $21,006.51 to Randy Wynia, $30,000 to Paul Malone, and $4,618.05 to Patti Van Essen (Buffalo Ridge Bar). All loans carry 2% interest and a six-month deferral on principal and interest.
The Murray County Board of Commissioners approved three loans from the county’s EDA Revolving Loan Fund during its Oct. 2 meeting, totaling $55,624.56.
The board approved a $21,006.51 loan to applicant Randy Wynia to update a rental property. Commissioner Jackie Meier moved the loan; Mark Carlson seconded and the motion passed. Terms recorded in the minutes specified 2% interest for 10 years and a six-month deferral on principal and interest.
Commissioner Loy Woelber moved to approve a $30,000 loan to Paul Malone for commercial building roof repairs; Roger Zins seconded and the motion passed. The minutes show terms of 2% interest for five years with a six-month deferral on principal and interest.
Commissioner Mark Carlson moved to approve a $4,618.05 loan to applicant Patti Van Essen for Buffalo Ridge Bar to replace an air conditioner; Jackie Meier seconded and the motion passed. The loan carries 2% interest for 10 years and a six-month deferral on principal and interest.
The three loans were presented under EDA loan recommendations on the agenda; the minutes do not record individual roll-call vote tallies beyond motions passing. The board proceeded to other agenda business, later moving into a closed session to address personnel matters.
