Lonsdale takes legal action on delinquent loan payments

Submitted by admin on Thu, 10/20/2011 - 1:19pm

Lori Nickel, Montgomery Messenger

After the City Council Meeting held Thursday, Oct. 13, it will soon be up to Rice County Conciliation Court to sort out whether or not the City can recoup delinquent loan payments from Heritage Heating & Air, Inc., a heating and cooling business that up until recently, operated from 104 Railway St. NW in Lonsdale. The council approved a resolution to initiate legal action against the business to collect delinquent payments of $7,500 on a $50,000 loan from the City's Economic Development Authority (EDA).

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