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EDA approves interfund loan to Medallia Health via city funds
Summary
The Madelia Economic Development Authority approved Resolution 20-26-05 accepting an interfund loan from the city of Madelia and authorizing that loan to Medallia Health; the resolution passed by voice vote during the EDA meeting.
The Economic Development Authority moved and approved Resolution 20-26-05, described on the record as accepting an interfund loan from the city of Madelia and approving that loan to Medallia Health. A committee member presented the resolution and the EDA approved it by voice vote.
The EDA then proceeded to address new business, including a loan request from Van Hill Properties LLC. The recorded segments do not include a roll-call vote or dollar amounts tied to Resolution 20-26-05; the action in the transcript is a voice vote that the clerk recorded as "motion carried."
