After a lengthy debate, the Petersburg City Council worked out the details of a $210,000 loan to local business-owner Pete Litsheim to move the 29-year-old Romiad building from its current location on Haugen Drive to the lot next to Scandia House on Nordic Drive.
The Petersburg City Council met in a special session on Thursday to discuss the terms of the loan agreement between Litsheim and the Petersburg Economic Development Council (PEDC).
The council members and the mayor, on Feb. 21, had voted to unanimously approve the loan, but some questions arose regarding collateral, title insurance an...
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