WIUM Local
3:09 am
Thu May 4, 2006

Keokuk Funds Revolving Loan Program

Keokuk, IA – Keokuk will help fund a pair of local initiatives aimed at improving the city. The city council voted to pay $100,000 toward a revolving loan fund for commercial and retail businesses. The money, which came from the sale of part of the old Joyce Park, would be used as the local match for a potential grant from the USDA. Alderman Bill Olmsted says the city council did not want to use these dollars for day-to-day services or salaries. The council also formally agreed to pay $7,250 toward the Vision-Keokuk long-range planning effort. In other action, aldermen finalized a deal to give Roquette America portions of several city streets and approved a 3.5% pay hike for some workers at Keokuk's Water Pollution Control plant.