Charles City school board to get local loan for Comet Field lighting project

In an act to keep money local and reduced, the Charles City school board has accepted a loan from First Security Bank to use towards the Comet Field lighting project. The loan is $238,400 in total, and will incur 3.79% of interest.

The total savings on this loan is upwards of $4,000. 

The loan has a maturity term of 56 months and the board will need to make annual payments of $52,661.22. 

The board has already approved the completion of the Comet Field lighting project and construction will begin in spring of this year.


Carter Melrose

Carter bullied his way onto the KCHA radio waves after spending 4 years at the University of Iowa as a studying journalist. He writes news, short stories, features, but more than anything, he has a proclivity to wax philosophically.
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