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IDA approves several lender-financing resolutions and adjusts fees for solar projects

Harkamore County Industrial Development Agency · November 25, 2025

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Summary

The board approved lender-financing consents for multiple projects, including HBK and Aldrich-related transactions, and adopted an adjusted fee structure for two solar projects so property owners retain a mortgage recording tax benefit.

The Harkamore County IDA approved several lender-financing resolutions and a modified fee structure for two solar projects to preserve mortgage recording tax benefits for property owners.

Staff described a typical 1% agency fee on projects but said charging that fee would negate the property owners’ mortgage recording tax advantage for the two solar deals. The board agreed to a structure that applies a 25% fee on each solar project plus the standard $1,000 processing fee; staff discussed line-item figures and asked staff to correct resolution language as needed before finalizing paperwork.

Separately, the board approved lender-financing resolutions for a local gas project, HBK Industries and a transaction involving Aldrich that included an assignment to a holding company as part of a settlement. Fees were confirmed in discussion (examples noted: $1,000 processing fee and project-specific fee amounts discussed by staff).

All financing items presented in open session were moved, seconded and carried by the board; a small number of members registered opposition on individual votes.