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STAR committee loans and grants approved for 1889 Coffee Hub and Welton Tire
Summary
The council approved STAR recommendations to provide 1889 Coffee Hub a $10,000 grant and up to $15,000 0% loan, and Welton Tire a $10,000 grant and up to $20,000 0% loan for equipment; the motions passed unanimously.
Lisbon’s City Council approved STAR committee funding recommendations on May 4, endorsing grant and loan packages for two local businesses. The council recorded approval of a $10,000 grant and up to a $15,000 0% loan to 1889 Coffee Hub for equipment, and a $10,000 grant and up to a $20,000 0% loan to Welton Tire for equipment.
Both recommendations were presented as STAR committee proposals and were approved by unanimous council vote. The minutes do not record more detailed loan terms beyond the 0% interest notation, nor do they list repayment schedules or security used for the loans; council instructions or follow-up reporting requirements were not specified in the segments provided.
The STAR program actions were recorded alongside other routine business; the council’s approval makes funds available per the program’s authorization pending administrative steps to finalize disbursements.
