2026-08-05 - Community Development Block Grant Revolving Loan Committee

Summary

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Built from the posted agenda; no minutes or transcript were read, so nothing here says what was decided.

  • One action item: a request from a local business to restructure a previously approved $70,000 Economic Development Revolving Loan Fund loan (furniture, fixtures and equipment, 4% for 10 years) into a $24,968.31 equipment loan at 4% for 10 years and a $35,000 working capital loan at 5% for 3 years.
  • Informational: Community Development Revolving Loan Fund status reports.
  • See Community Development Revolving Loan Fund.

Agenda

  1. Zoom information
  2. Roll call
  3. Approval of the agenda
  4. Approval of the minutes of July 8, 2026
  5. Request to restructure a previously approved Economic Development Revolving Loan Fund loan of $70,000 (furniture, fixtures and equipment, 4%, 10 years) into a $24,968.31 equipment loan (4%, 10 years) and a $35,000 working capital loan (5%, 3 years)
  6. Informational: Community Development Revolving Loan Fund status reports
  7. Adjournment

Sources

Video

Watch the video