Plan considered to pay for turn lane in Magnolia Springs

The Town of Magnolia Springs finance committee suggested a plan for the town to fund a portion of the turn lane put in place to accommodate Family Dollar.

Mayor Charles Houser said the town will fund up to $90,000 of the project, but the exact cost of the total project was not yet known. The finance committee recommended for the town to take the seven-month CD it currently has and convert it to 24 month CD, which would raise the income. The new CD would then be used as collateral on a five-month note.

Plan considered to pay for turn lane