Red Willow County commissioners Monday morning approved a $70,000 loan from the county's revolving loan program to Quality Urgent Care P.C., the emergency care walk-in clinic under construction on North U.S. Highway 83 in McCook.
Rex Nelson of McCook, who serves as administrator for the county's Regional Economic Development Loan Fund, told commissioners that Jim Allen of High Plains Land Management, developer/owner of the medical clinic, will use the loan for equipment.
The five-year loan, at 4 percent interest, will be repaid in $1,289.16 monthly payments. The first payment is due Aug. 10.
Nelson told Commissioner Leigh Hoyt that, yes, there are personal guarantees involved with the clinic's loan repayment documents. Commission Chairman Earl McNutt said -- thinking of a $300,000 loan that the county has been forced to sue for repayment -- "The more personal guarantees we can get tied to these (loans), the better."
Nelson declined to discuss with county resident Dorwyn Felker the $300,000 loan to Pawnee Aviation, which was to build helicopter kits in Red Willow County. The county is now is now suing for repayment.
A monthly report to commissioners regarding other loan fund recipients indicates that Benny Kenner of Accents Etc. of McCook is now four months behind on its repayment of a $70,000 seven-year loan (5 percent interest) that started in August 2006.
County treasurer Marleen Garcia asked for a new amortization schedule on Kenner's and the county's amended repayment agreement, which moves late payments to the end of the repayment period in 2013.
Accounts that are current on their repayments are: Pet Pros, Kevin Grooms, apimages, McCook Eye Clinic and Willow Creek Meats.
In other action Monday morning, commissioners approved swapping the 2002 Ford Taurus car that county employees drive for the 2004 Ford Taurus that the sheriff's department will no longer need this fall.
The 2002 car will now be used for trade-in on a new sheriff's department vehicle.