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Mitchell County accepts $1.9 million state cash-flow loan; approves loan documents
5709049 · June 19, 2025
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Summary
The county approved a $1.9 million second-round state cash-flow loan and separately approved accompanying loan documents; county staff said the loan helps cover ongoing post-disaster project cash needs and will be repaid by June 30, 2030 under the loan terms described.
Mitchell County commissioners voted to accept a second-round state cash-flow loan of $1,900,000 and approved the related loan documents so the county can receive the funds as soon as the paperwork is filed.
County staff told commissioners the second round was larger and drew greater demand statewide; the county…
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