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City Council approves loan to Havre Eagles Manor

 

Havre Daily News/Ryan Welch

A sign in front of the Havre Eagles Manor identifies the retirement home. Havre City Council Monday approved a $125,000 loan to make repairs at the manor, including fixing and upgrading the elevator and heat pumps. The loan will be repaid by a Michigan company who is in the process of purchasing the manor.

Havre City Council approved a $125,000 loan Monday to the Havre Eagles Manor to make repairs in the retirement living facility.

Affiliated Developers Inc., a Michigan nonprofit, is in the process of purchasing the Eagles Manor, working in conjunction with a Montana company during this process, Havre City Clerk and Finance Director Doug Kaercher said in an interview Monday.

The loan is guaranteed by the nonprofit, Havre Mayor Tim Solomon said during Monday's council meeting.

That guarantee is in place even if the sale falls through, Kaercher said this morning.

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