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Junction City Commission approves resolution terminating Rimrock IRB
Summary
The commission passed Resolution R3109 to release city property from a previously issued industrial revenue bond (IRB) tied to the Rimrock/Central National Bank property, concluding cleanup of an older IRB record.
The Junction City Commission approved Resolution R3109 to effect a release of city property previously associated with an industrial revenue bond for the Rimrock/Central National Bank site.
City staff told the commission this action is part of a cleanup of older IRBs after staff discovered that some expired or terminated IRBs had not been formally released from city records. The resolution releases the property and confirms the IRB is no longer active.
A motion to approve the release was moved and seconded and carried by voice vote.
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