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Council approves extension of EMA GSA loan repayment and defers interest until 2030
Summary
Solvang approved a request from the Eastern Management Area Groundwater Sustainability Agency to extend member-agency loan repayment to 2030 and to defer interest during the repayment period; motion passed 5-0.
The Solvang City Council on May 27 approved a request from the Eastern Management Area Groundwater Sustainability Agency (EMA GSA) to defer repayment of member-agency startup contributions through 2030 and to defer any interest accruing during the extended period. The motion passed on a 5-0 roll call vote.
Staff explained that EMA GSA was formed by four member agencies (City of Solvang, County, ID 1 and the conservation district) and that the startup…
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