Kay County Commissioners have approved a motion to enter into a lease agreement between the authority and the USDA.
Attorney David Cummings said the plan is to pay the Use Tax Account back after the USDA loan is paid back. There is a 2.37 percent interest rate on the principal. That amount totals over $482,000.
In other business, the county will offer $325,000 to Halliburton for land located in the Blackwell Industrial Authority Park.