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Council approves $75,000 line of credit for McKenna Center
Summary
The City of Palco council voted 4-0 on March 10 to open a $75,000 line of credit through Mid‑America Bank to help the McKenna Center manage a change in land-rent payments and cover unforeseen operating needs.
The City of Palco Council voted unanimously March 10 to authorize a $75,000 line of credit for the McKenna Center. Joan Underhill moved to open the line of credit through Mid‑America Bank and Don Steeples seconded; the motion carried 4-0.
McKenna Center Director Brenda Lucas told the council the center needs short-term liquidity to bridge a change in land‑rent payments and to cover other unexpected expenses. Council also scheduled a special meeting for 7:00 PM on March 17, 2026 to conduct advisory-board interviews and perform the McKenna Land Tenant Drawing.
