SLEEPY EYE — The Sleepy Eye City Council will consider a extending a balloon payment date for Sleepy Eye Lodging, LLC on Tuesday, Aug. 10.
The maturity date for a $400,000 promissory note (loan) plus $63,709.63 in accrued interest that began to accrue Aug. 22, 2016 is Aug. 22, 2021. The fixed rate for the note is 3%.
The council will also consider:
• Accepting a $2,477.07 donation from United Farmers Co-op for fire department equipment maintenance and training.
• The second reading an amendment to the animal control ordinance.
• A lot split resolution by Toby and Jodi Arneson.
• A $200,000 purchase agreement for property north of the firehall, at 117 2nd Ave. S.W.
• A city engineer’s report on 2020 street and utility improvements, 12th Avenue/St. Mary’s St. improvements and 2021-2022 CSAH/1st Avenue improvements.
The meeting begins at 7 p.m. in the council chambers. It can be accessed on Zoom.us with a meeting ID of 847 9008 7048 and passcode 282264 or by calling 1-312-626-6799.
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August 09, 2021 at 01:03PM
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SE City Council considers extending payment date | News, Sports, Jobs - NUjournal
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