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Kasson City EDA approves June minutes; financial report notes $6,000 Trail Creek repayment
Summary
At its regular meeting, the Kasson City Economic Development Authority approved June minutes and a financial report that included a $6,000 repayment tied to an early termination of a forgivable loan by Trail Creek. The board discussed liquor‑license timing and paused foreclosure action after the company caught up.
The Kasson City Economic Development Authority approved its June minutes and heard a financial update that included a $6,000 payment from Trail Creek, an EDA coordinator said.
Ian, the EDA coordinator, told the board: "First thing, you'll see there's a $6,000 payment that we received from the Trail Creek folks." He explained the payment resulted from an early termination of a five‑year forgivable loan after the business closed and repaid…
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