The Nebraska City Economic Development Growth Fund board has recently approved a $20,000 fund request from the Nebraska City Museum Association to pay the admission for the town's museum for Nebraska City residents during the 2019 season.
Fund Administrator Dan Mauk gave the Nebraska City City Council an update on the fund during the council's Jan. 21 meeting.
Council members will review the fund request during their Feb. 4 meeting.
Mauk said the fund has about $403,000 in available funds, and $436,150 in outstanding loans, which are being repaid at approximately $25,000 a quarter.
Mauk updated the council on the progress at 611 Central Ave. Property owners Katie and Lawrence Mocnik applied for a $10,000 loan from the fund and renovated the building at an estimated cost of $210,000. Mauk said office tenants are planning to move into the building's main floor soon.
“This was a building we were going to lose” without the financial assistance provided by the fund, said Mauk.
The fund also provides $10,500 annually for the flower baskets on Central Avenue in downtown Nebraska City, said Mauk.
Mauk said he responds to about four inquiries each month about the growth fund, and four applications are currently working their way through the process to be reviewed by the committee that oversees the fund.
“I think the program is good if it's used wisely,” said Mauk, “and I think the council has made good decisions.”