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(NewsDakota.com) – The Jamestown City Council on Tuesday will once again consider a Economic Development request regarding a potential Cherry Berry yogurt shop in Jamestown.

The request is on the agenda for the council’s regular meeting Tuesday at 5 p.m.

The Jamestown-Stutsman Development Corporation is recommending a Flex-PACE Interest buy-down loan to help open a Cherry Berry store and a sandwich and coffee shop. The loan is for up to $54,000 in Economic Development funds, with the city share up to $43,200.

The City Council tabled the request at its last monthly meeting to gather more information. Earlier this month, JSDC CEO Connie Ova sought to clarify some confusion regarding the Flex-PACE loan. She said the loan will be repaid with interest to the city and county, and is used to help the company secure up to $100,000 in grant money from the Bank of North Dakota.

Ove said in a release that $54,000 is the maximum amount that could be used, but “the amount of interest buy down given to a company is determined by loan amount, loan amortization, and loan interest rate. The interest buy down is provided monthly, via the company making their loan payments. No money is given directly to the borrower.”