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Bottineau council approves $4,500 EDC loan for The Norway Steakhouse; one abstention
Summary
The Bottineau City Council approved a $4,500 loan through the EDC to The Norway Steakhouse on Nov. 4, 2024; the motion passed on a roll call with Council Member Fix abstaining.
The Bottineau City Council voted Nov. 4 to approve a $4,500 Economic Development Corporation loan for The Norway Steakhouse.
Whitney Gonitzke of the EDC presented the request on behalf of the applicant, DesiRae Kofoid‑Dolbeare. The loan terms recorded in the meeting minutes are $4,500 at 3% interest for five years. Council Member Seykora moved to approve the loan and Council Member Getzlaff seconded the motion.
On roll call, all voting council members voted yes except Council Member Fix, who abstained; the motion carried. The minutes do not list a further breakdown of underwriting conditions or security for the loan.
The approval was taken during the Chamber/EDC portion of the agenda. The council did not record any dissenting debate other than the single abstention. The meeting adjourned at 7:20 p.m.
Next steps noted in the minutes: none specified for loan closing or disbursement.
