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Council approves two forgivable loans to downtown ice cream shop
Summary
The Business District committee recommended and the council approved two $15,000 forgivable loans (roof and HVAC) to Ernie’s Ice Cream as five-year forgivable loans to support building improvements.
The Georgetown City Council approved recommendations from the Business District committee to award two $15,000 forgivable loans to Ernie’s Ice Cream to support building improvements, the council’s minutes show.
The loans were recommended as one $15,000 grant toward a roof and one $15,000 grant toward HVAC improvements, structured as five-year forgivable loans. The motion to approve the committee’s recommendation was moved by Alder Mitch Weaver and seconded by Alder Mike Scott; the motion passed unanimously, 8–0.
Council described the measure as a local economic-development tool to help a downtown small business with capital improvements. The minutes record the loans as part of the committee’s recommendations and list the action as approved during the meeting.
