01.09.20 – Mayor Gardner Statement on the status of the $4.1 MM Loan

01.09.20 – Mayor Gardner Statement on the status of the $4.1 MM Loan

Mayor Gardner: “In September of last year, I submitted a request to the City Council to approve a $4.1 MM debt consolidation and capital equipment loan. My request was approved by the City Council and the loan was obtained from Regions Bank. Within a few days of receiving the loan, I commenced executing the plan to consolidate debt and purchase capital equipment. I understand that the decision to obtain the loan was not unanimous; however, as elected officials, we must work together to implement plans once a decision has been made. We must do so even if we disagree during the initial discussion period. This is the only way we will be able to see our plans bear the fruit that will ultimately benefit our citizens. I am pleased with the progress we have made so far with the $4.1 MM loan, and I will continue to partner with the City Council to move Prichard forward.”