City To Borrow 10 Million

Montrose city councilors approved on second reading the 150 plus acre annexation of Miami Road Farm addition near highway 50 on the east side of Montrose.

Dave Bowman is a city councilor. In addition, the city also approved an emergency ordinance to borrow $10,000,000 dollars thru a lease purchase transaction with Vectra bank for road and capital improvements in the Urban Renewal district.

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