Plymouth asks county for loan relief; board gives direction to return with plan
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Summary
Plymouth interim city manager asked for restructuring of a $150,000 water-development loan and a two-year extension to use memorial funds for Veterans Park improvements; the board directed the city to return in July with a payment plan and granted a two-year extension for the park funds.
Cameron Begbie, interim city manager for the city of Plymouth, told the Board of Supervisors Plymouth has defaulted on a $150,000 loan given in 2017 from the county’s water development fund to repair Bridal Ditch. Begbie asked for an extension or restructuring, including a start-to-pay timeline by July and relief from some interest for a short period while the city stabilizes its budget.
Supervisors expressed concern but offered direction rather than immediate action: Begbie was asked to return with a budget plan in July and to start making payments then. The board noted interest will continue to accrue unless formally waived and said staff could consider limited interest relief if the city demonstrates progress. Supervisors emphasized documenting the need so a successor city manager will address the matter if necessary.
On a linked item, Plymouth requested an extension to use memorial-fund money for Veterans Park improvements (irrigation upgrades and a restroom). Staff recommended a two-year extension; the board directed staff to prepare an amendment or agreement and approved the extension with Chair authorization to sign if placed on consent.