Loan board OKs $50,000 CRF loan for Parks & Recreation training facility proposed by Jennifer Bennett
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Summary
The Loan Administration Board approved a $50,000 CRF loan at 0% for five years to support a training-only facility conversion proposed by Jennifer Bennett to expand daycare, boarding and grooming operations in a redevelopment zone.
The City of Evansville Loan Administration Board approved a $50,000 CRF loan with a five-year term and 0% interest to support a training-only facility proposed by Jennifer Bennett. The project will convert the existing daycare, boarding and grooming business into an expanded facility in a designated redevelopment zone.
Jennifer Bennett told the board she is "looking to expand our current daycare, boarding, and grooming facility into a new building. It's in a redevelopment zone, and we'd like to open a training only facility." The board moved and seconded the CRF loan and approved it by voice vote.
Board members congratulated Bennett after the motion carried. No additional conditions or security terms were stated on the record during the meeting; staff follow-up for closing documentation was implied by routine procedure.