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4A Board schedules Tuesday meeting

The Board of Directors of the Iowa Park (4A) Economic Development Corporation will meet at 6 p.m. Tuesday in the council chambers of city hall, 103 E. Cash.

The members will consider authorizing the treasurer to transfer, reinvest or otherwise manage funds, assets and liabilities held by the corporation including use of surplus funds for an additional principal payment of the corporation’s loan from First Bank obtained to fund improvements with an economic development project.

The board will also discuss options associated with the construction of a building to be located in the city’s Industrial District that would be used for a prospective economic development project.

Included on the agenda is discussion on preparation of the corporation’s operation’s budget to be presented to the city council for adoption.