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Mocksville council approves interfund loan payoff; manager announces corporate pledge to fund pickleball courts
Summary
Council voted to pay the $600,000 remaining balance on an interfund loan and the new town manager, Lee Rollins, told the board that a local company has offered to fund four pickleball courts under a proposed five-year payment agreement; staff will return with a formal agreement.
The Mocksville Town Council approved a staff recommendation to pay the outstanding balance on an interfund loan that originated from a 2017 resolution. Lehi (town staff) told the council the enterprise fund originally owed the general fund $1,000,000 and that the remaining balance is now $600,000; the original repayment schedule called for $50,000 annual payments, and staff recommended moving funds from the enterprise fund to the general fund to pay the loan off. A motion to approve…
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