Council approves assorted loan requests, flags inconsistent transcript amounts for one item
Council approved a $40,000 loan for diesel repair (7 years at 3%) and recorded approval of a separate property-improvement loan where the transcript contains inconsistent figures (the record references both $2,000 at 3% and $5,000 at 2%).
The full story
The council approved multiple loan-related items. For vehicle maintenance, the council approved a loan request for diesel repair in the amount of $40,000 to be repaid over seven years at 3% interest, to be paid from fund 52; the motion was seconded and carried.
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