US EditionClay Applying For Loan To Build New Jail
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Clay Applying For Loan To Build New Jail
Clay County Commissioners approved the application for a new loan to build a new county jail Monday. The county working with USDA on a loan of up to $15 million. Clay County Mayor Dale Reagan said the annual payment would be an estimated $786,000 a year on a 40-year $15 million loan with a 4.25 percent interest rate. Reagan said the county would only look to apply for how much is necessary. “Once we get into this and if we don’t need $15 million…
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