City council approves transition loan

City council

The Superior City Council meeting originally planned for last Monday was postponed because of the winter weather. It was held instead on Thursday evening.

Among the items of business to be considered was a loan request for $100,000 from the LB840 Fund (city sales tax) submitted by Trenton Morris. The loan with a 3 percent interest rate for a term of 10 years was approved as presented.

A Superior High School graduate and son Mr. and Mrs. T. J. Morris, he plans to use the loan approved Monday and another loan obtained from a local bank to purchase a 31 percent interest in the Superior Ace Hardwa...

 

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