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Staff Reports Loan Terms for Golf Course Roof; Questions Raised About Project Funding and City Reserves
Summary
Staff said FirstBank Valley offered financing just over $200,000 at about 4.99% for a golf course roof; council members asked how the project would fit into the current fiscal‑year budget and whether reserves or manager contingency funds would be used.
City staff reported they received financing terms for a golf course roof and council members asked how the project would be funded within the current fiscal year.
“We did get some financing terms with FirstBank Valley. It's a little over 200,000. I think the interest rate is 4.99%,” said Staff member, summarizing loan offers. Staff told the council they reached out…
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