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East Grand Forks economic development panel approves GAAP loan-term extension for NP Hometown Properties
Summary
At a special meeting the East Grand Forks City economic development panel approved a request from NP Hometown Properties to extend a GAAP loan term from five to 10 years; the loan committee had recommended approval and the motion carried on a roll-call vote. The transcript does not specify the meeting date or a full roll-call tally.
The East Grand Forks City economic development panel voted to approve an amendment allowing NP Hometown Properties to extend the term of a GAAP loan from five years to 10 years, the panel said during a brief special meeting. The executive assistant told members the change is intended to "assist in some of the feasibility of their building purchase."
The loan…
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