At a Dec. 16 special meeting, the Prior Lake Economic Development Authority approved a resolution for a COVID-19 Restaurant Assistance Program, which authorizes city staff to issue forgivable loans in the amount of $10,000.
The loans will provide financial assistance to restaurants impacted by the governorâs recent order of closure, the EDA agenda report states.
The loans are for full-service restaurants in the city that hold âon-sale intoxicating liquor licenses which rely primarily on the service of lunch and/or dinner to customers in its interior dining room without access to a drive-thru or take-out window; or full-service restaurants serving breakfast, lunch and dinner where the majority of customers are served and consume food in its interior dining room without access to a drive-thru or take-out window,â the report states.