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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 county’s loan committee discussed terms and indicated the likely structure would be a five-year loan at 1 percent interest, with an estimated total interest of about $250.
During discussion, Speaker 4 clarified the funds would not be a grant but a loan routed through SEDC, which will administer repayments to the county. The measure was moved and seconded and passed; the meeting recorded votes for several resolutions (for one community-benefit item the board recorded three in favor and one opposed). The motion adding $10,000 to the Valley Riders loan was approved by the board.
The commissioners also approved Resolution 25-1-52 to hire Jordan Clark, Alicia Burnham, Timothy Davis and Nicholas Maggilloni as corrections officers at the Somerset County Jail. The board additionally approved the Treasurer’s Warrant for county disbursements and TIF tax revenue totaling $423,101.38.
Quotes from the meeting illustrate the board’s framing: Speaker 4 stressed the distinction between a grant and a loan — "They're we're loaning it to SEDC, and they're going to loan it to them," — and Speaker 8 described the loan terms as "almost free," referring to a 1% five‑year arrangement.
Next steps: county staff will finalize loan documentation with SEDC language clarifying repayment terms and will implement hires for the jail as authorized by the resolution.
