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Committee converts $5,000 Northwest SEP loan into a grant, with conditions
Summary
Following a request from Northwest SEP, the committee voted to convert a previously issued $5,000 loan into a grant provided SEP completes the county’s community contribution form and attaches financials; one member abstained from the vote.
The committee approved converting a previously issued $5,000 loan to Northwest SEP into a grant contingent on SEP submitting the county’s community contribution form with audited financials.
A presenter described that Northwest SEP had requested a loan from 12 counties and now seeks conversion to a grant due to financial difficulties; most neighboring counties were making the same conversion. A committee member urged consistency and recommended that SEP complete the county’s community request form along with financial documents.
A motion to convert the $5,000 loan to a grant subject to SEP completing the required paperwork was made and seconded; the motion carried with one abstention recorded by Blake.
The committee instructed staff to require SEP’s financial documentation as part of the county’s established process for community contributions going forward.
