Munday City Council approves business loan, holds budget workshop

MUNDAY

A special meeting of the Munday City Council took place on August 26 at 10:00 a.m. The agenda consisted of three items, two of which were focused on Laurabelle’s Bakery.

The council members approved the EDC A board recommendation to extend a $50,000 line of credit loan for the purchase of equipment for the new bakery. The first payment has a six-month deferral, and the interest rate is 5%. Th…