Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Economic Development topic
No spam. Unsubscribe anytime.
Hatton ribbon-cuttings planned as TCEDC approves JimBonitas interest buydown payment
Summary
TCEDC approved checks that include a cost-share payment tied to a 65-month interest buydown for JimBonitas; staff said the organization is finalizing two ribbon-cuttings in Hatton (JimBonitas and Due North GF Bakery) and will hold next month's meeting in Hatton the same day.
The board approved payments that include a cost-share related to a 65-month interest buydown for the JimBonitas project and discussed upcoming grand openings in Hatton.
Alyssa Short presented the bills and explained the cost-share arrangement and the 65-month buydown; minutes note Hatton EDC is billed separately for its share. Vicky Grothmann moved to approve the checks, Cassie Braaten seconded and the motion carried. Murphy said two ribbon-cuttings in Hatton (JimBonitas and Due North GF Bakery) are being planned and that next month's TCEDC meeting will be held in Hatton the same day as those events; Murphy is finalizing the meeting location.
The minutes do not record dollar amounts for the buydown or details of the cost-share beyond the buydown term and the separate billing arrangement for Hatton EDC.
