City of Beatrice OK's economic development loan to Beatrice Bakery

City of Beatrice OK's economic development loan to Beatrice Bakery Main Photo

20 Jun 2023


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Elected officials also approved issuing of bonds backed by economic development funds for the purchase of 80 acres of property for business and industrial use, west and north of Precise Fabrication. Up to $1.25 million in bonds will be issued.

"These particular bonds, since they are paid for by the LB 840 proceeds, can only go out to the length of that program. That program is approved for six years. Each year, your bond payment will be roughly $240,000."

 

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