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Council approves $15,000 RBEG loan to Blue Ridge Comics and Toys
Summary
The council approved a $15,000 RBEG loan for Chris Proffitt's Blue Ridge Comics and Toys at 2% interest over 60 months; Economic Development Director Ken Heath introduced the request and the motion passed unanimously.
The Marion Town Council approved an RBEG loan of $15,000 to Blue Ridge Comics and Toys, owned by Chris Proffitt, with terms of 2% interest over 60 months. Economic Development Director Ken Heath reviewed the application and council approved the loan by motion of Suzanne Jennings, seconded by Todd May (7 AYES, 0 NOES).
The loan approval was recorded in the minutes as an action to support local business through the RBEG program; no further loan conditions or security terms were detailed in the meeting minutes.
