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Board members of the Lamesa Economic Development Corporation have agreed to pursue a three-year plan to pay off the interest on a loan for construction of the Cotton Classing Office. The motion to pay off the interest early also specified that the LEDC would negotiate with Lamesa National Bank and Lamesa Cotton Growers to ensure that once the interest amount has been paid in full, the LEDC would be released from any future obligations of the note that would expire on Dec. 15, 2032. Bryan Nowlin, board member for LEDC, abstained from voting on the motion since he is an officer at ...

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Lamesa Press-Reporter

P.O. Box 710
Lamesa, TX 79331