In 2009 Osage Municipal Utilities received $300,000 from the USDA in grant money to be loaned out for economic development in Mitchell County. Osage Municipal Utilities matched $60,000 and the Revolving Loan Fund was formed. The utilities loaned the entire $360,000 to the City of Osage to help finance the construction of the Public Safety Center. The loan is to be paid off over ten years. The City has made six payments and there is currently $198,000 available for economic development in Mitchell County. Please stop by the utility if you have questions or call (641) 832-3731. Applications are available in our office or online.
Please fill out the RLF Application and return it to
Osage Municipal Utilities
Osage, IA 50461