Madras MRC declines request to delay Rio Restaurant loan payments
The Madras Redevelopment Commission voted 9–0 Jan. 27 to deny a request to amend the first payment date on a $200,000 loan for the Rio Restaurant, citing contractor delays but expressing concerns about precedent and fiscal responsibility.
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The Madras Redevelopment Commission voted unanimously Jan. 27 to deny a request to amend the first payment date on a $200,000 redevelopment loan made to Rio Restaurant.
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