Sunday October 23rd, 2016 10:21AM

Short-term loan of $400K approved by Oakwood City Council

By Ken Stanford Reporter
OAKWOOD - The Oakwood City Council has approved a $400,000 short-term loan to be used to cover expenses.<br /> <br /> City Manager Stan Brown confirmed the action Tuesday. The city, which has used up its reserves, expects the loan to be re-paid by the end of the year after tax revenues start coming in.<br /> <br /> The council has also voted to name a new road between Mundy Mill Road and Atlanta Highway Milton Martin Toyota Way. The dealership, which is currently located on Browns Bridge Road in Gainesville, has announced plans to re-locate to Oakwood.
© Copyright 2016
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.