Port City Eyes Legal Action To Collect Unpaid Loans
The Administrative Services Committee put four Oswego business owners on notice of possible lawsuits unless they repay (between $11,000 and $65,000 each) overdue Community Development Office loans. At its meeting Monday night, the committee gave a favorable recommendation to City Attorney Kevin Caraccioli’s request to take legal action against the four. “They owe approximately $160,000, which needs to be accounted for. This is an attempt to collect what is owed the city of Oswego,” he told the committee. “I’m asking for your support to take legal action.”