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Davis COG adds banker seat to loan fund amid conflict-of-interest safeguards
Summary
The COG voted to amend the loan fund bylaws to add a 13th at-large community member with banking experience (discussed candidate Laura Hadley of AltaBank) and approved term limits and disclosure requirements to address perceived conflicts.
Members of the Davis County Council of Governments debated amending the loan fund bylaws to add an at-large community member with banking experience and then approved the change.
The amendment would add a 13th member to the loan fund committee intended to provide banking expertise and oversight aimed at improving the fund’s ability to transition loans to private banks. Council members cited the loan fund’s historical challenges in transitioning loans…
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