Commissioners address business loan items

The Pulaski County Commissioners recently passed motions to forgive the last payment of a Winamac Coil Spring loan and release a 2017 loan for Tippy’s during a regular meeting on March 18. First, Pulaski County Community Development Commission Executive Director Nathan Origer said that this year marks the 10th anniversary and final forgiveness of the $150,000 loan that the commissioners made to Winamac Coil Spring with LIT Economic Development funds. Pursuant to the terms of the loan agreement, the final $15,000 is to be forgiven, given that Winamac Coil Spring has a minimum of 25 full-time employees in Winamac. Origer also informed them that Sheila Jimenez, owner of Tippy's, has fully repaid the $25,000 revolving loan fund loan that she had received in 2017. He said that she has repaid it 10 months ahead of schedule.

See the full story in the Pulaski County Journal, available in print and e-edition.

Pulaski County Journal

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