By Travis Volz
The Okawville Village Board will move forward with a lawsuit against Pizza Market for an unpaid loan.
The board approved filing suit against the pizza place that closed its location in Okawville earlier this year for an unpaid loan with the principle balance of $15,917.26 at Monday’s board meeting.
According to village clerk Dawn Moyer, the original loan was for $20,000. The term of the loan was for 60 months at three percent interest.
Pizza Market opened in February of last year and operated for just over ten months. Employees were notified by a text message from owner Evie Newell that the location would not reopen after Christmas.
Thirteen monthly payments were made, including several payments after the location closed. The last payment of $359.37 was made on March 20 of this year.
Though the Okawville location at the corner of Hanover and St. Louis Streets was closed, Pizza Market’s original location in Trenton is still open.
The village of Okawville maintains a fund used for loans for businesses that was originally a grant that was part of the state’s Community Development Assistance Program. Though the state dissolved the program, the village maintains the fund for low interest loans to encourage business development.
The Law Office of Van-Lear Eckert will represent the village in the matter.
Read full details on the entire Village Board Meeting in this week’s issue.