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Wednesday, May 4, 2016

County approves $70,000 loan to urgent care clinic

Tuesday, May 5, 2009

Red Willow County commissioners, at their weekly meeting Monday morning, unanimously approved a $70,000 county loan to the walk-in medical clinic under construction on North Highway 83 in McCook.

The loan to High Plains Urgent Care P.C., from the county's revolving use loan program, will be repaid at 4 percent interest, over five years, with monthly payments of $1,289.16.

The loan requires the creation of two full-time positions.

Rex Nelson, director of the McCook Economic Development Corp., which oversees the county's loan program, said the EDC board is comfortable with the loan request, that the clinic has also been approved for bank financing.

The county's $70,000 will be used to purchase equipment, Nelson said.

County Attorney Paul Wood is to review documentation, which the commissioners' motion authorized Commission Chairman Earl McNutt to sign.


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There is a serious error in this article. MEDC does not oversee the County loan program. The board that Rex Nelson refers to when presenting this to the Commissioners is the Administrative Board that the County appoints to oversee the Red Willow Regional Economic Development loan fund. Nelson serves as a contract administrator for the county and simply takes applications, presents them to this Administrative Board, then prepares the paperwork for the County. The MEDC board has not been informed of nor discussed this project. At times MEDC may have projects where they request the assistance of the revolving loan board, but that is not normally the case and not the case here.

Respectfully,

Rex Nelson

-- Posted by Developer Guy on Tue, May 5, 2009, at 2:45 PM


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