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Council approves $40,000 revolving loan for downtown Larson Quilt Shop rehab
Summary
After questions about scope and historic fabric, the council approved a $40,000 revolving-loan package recommended by HRDC and the local loan committee to support exterior and roof repairs at Larson Creations (Quilt Shop) in downtown Blackduck.
Sean Moran of HRDC presented a loan-review memo recommending approval of a $40,000 commercial-rehabilitation loan for Mary and Gary Larson, owners of Larson Creations (Quilt Shop) in Blackduck. The applicants told council their plans include roof repairs, a small addition, alley-wall metal work and storefront/upgrades to the building’s exterior.
Council members asked about the specifics of the work and noted the building’s historic presence downtown. One council member moved to approve the revolving loan committee recommendation; the motion was seconded and approved by voice vote. "We approve the revolving loan committee recommendation for Mary Larson...the amount $40,000," the council member said during the motion.
HRDC staff (Sean Moran) said he will draft the offer letter and work on closing steps with the Larsons. Council recorded no roll-call tallies in the transcript; the minutes reflect the motion and a voice vote approving the loan.
