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Committee notes DCED fund/Uptown repayment and plans follow-up on reuse of $200,000
3784982 · June 12, 2025
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Summary
Committee members discussed a $200,000 award the borough had previously loaned to Uptown (repaid with interest) and agreed the funds—now in the general fund—could be used again as a loan; staff (Sean) will prepare details for a follow-up discussion at next month's finance meeting.
A committee member raised the status of a DCED-related fund that the borough had previously loaned to Uptown and reported the loan had been repaid with interest. The money was repaid and placed in the general fund, but staff noted there is opportunity to re‑use the funds for…
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