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Commissioners approve $10,000 loan advance to Valley Riders, hire corrections officers and pass treasurer’s warrant
Summary
The board voted to add $10,000 from community-benefit funds via SEDC to a Valley Riders loan, approved hiring four corrections officers, and authorized a Treasurer’s warrant of $423,101.38; the loan is a five-year, 1% advance expected to be repaid to the county loan fund.
Somerset County commissioners voted to advance $10,000 from community-benefit funds, administered through the Somerset Economic Development Corporation (SEDC), to supplement an existing loan to the Valley Riders Snowmobile Club.
Speaker 2 explained the original loan had been $65,000 and the outstanding balance was reported at $17,000; the proposed addition would bring that balance to cash on hand so the club could complete construction. The…
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