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Board approves resolution tied to rural economic development loan after amendment to reflect additional $60,000
Summary
The Alleghany County board approved a resolution required for a rural economic development loan and grant application after staff noted the county's letter of intent added $60,000 to the principal and the resolution was amended to reflect $1,360,000.
Alleghany County commissioners voted to approve a resolution required for the county—y the Local Government Commission as part of a rural economic development loan and grant application.
April Hamm, the county finance officer, told the board the county had filed a letter of intent and that the letter included an additional $60,000 in principal that staff are confirming; she said the amount in the resolution would be amended to $1,360,000 to match that figure.
After a short clarification on the amendment, a commissioner moved to adopt the resolution and another seconded. The board approved the resolution unanimously.
Hamm said staff will update the record if the $60,000 inclusion proves to be a typographical error or if the county is eligible for the additional funds. She told the board that final notification from the rural economic development program is expected in December or January and that, if awarded, the county would issue bids for project work in February.
The action records the board—ndorsing the LGC-related step required to pursue potential loan or grant funds; no contract award or final loan approval was made at the meeting.
