Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Mount Vernon council approves CDBG amendment to pay down Section 108 loan for library
Summary
After a public hearing, the council approved a substantial amendment reallocating $50,000 in 2024 CDBG funds — constrained by program caps on services — to pay down a Section 108 loan tied to the library; finance staff said approximately $48,750 would be applied to principal.
Mount Vernon councilors approved a substantial amendment to the city’s 2024 Community Development Block Grant (CDBG) annual action plan to reallocate $50,000 to pay down a Section 108 loan associated with the library.
Special Projects Manager Steve Sexton said regulations limit how much of the city’s CDBG allocation may be spent on services, and the city had reached that…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
