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Escanaba council verifies loan repayment source to match federal grant for stormwater upgrades
Summary
Council approved Resolution 25-23 to verify dedicated repayment sources for a Michigan revolving loan (referred to in the record as MISTRLF) that would serve as the nonfederal match to an approximately 75% FEMA grant for stormwater and outfall upgrades tied to upcoming development.
The Escanaba City Council voted Nov. 25 to approve a resolution verifying a dedicated source of repayment for a Michigan revolving loan intended to match a roughly 75% federal grant (recorded as FEMA) for stormwater infrastructure improvements.
City administration said the loan is intended as the nonfederal match for grant-funded work that…
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