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Board authorizes application for USDA loan for fire facility project
Summary
A resolution authorizing application for a USDA loan for the city’s fire service project, described in packet as $2,300,000, was presented to the Board and approved during the May meeting.
City staff presented a resolution authorizing application for a U.S. Department of Agriculture (USDA) loan to fund a fire‑service project, and the Board of Mayor and Aldermen approved the resolution.
The packet provided to aldermen included project details and the amount listed for the fire project. During the meeting staff said the amount contained in the packet is $2,300,000. Aldermen moved, seconded and voted to approve the resolution; a roll call produced a majority of “aye” votes and the chair declared the motion carried.
Why it matters: Authorization to apply for a USDA loan begins a process that could secure long‑term financing for fire‑service capital needs. If the loan proceeds, it will affect future financing plans and potentially city debt service.
What’s next: City staff will proceed with the USDA loan application and return with any required financing documents and, if approved, specific implementation steps and timelines.
