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Camp Verde council approves $250,000 in town loans for Sycamore Vista affordable-housing project; consent agenda passes 7-0
Summary
On Jan. 7 the Camp Verde Town Council approved two town-financed loans totaling $250,000 for the Sycamore Vista Low Income Housing Tax Credit project and approved consent agenda items including an appointment and a court defense contract; votes were unanimous, 7-0.
The Camp Verde Town Council on Jan. 7 approved two town-financed loans totaling $250,000 to Atlantic Development and Investments, Inc. to support the Sycamore Vista Low Income Housing Tax Credit project.
Council voted to provide up to $125,000 for Phase 1 and up to $125,000 for Phase 2, consistent with the town’s January 2022 Request for Proposals. The motion to approve the loans was made by Councilor Robert Foreman and seconded by Councilor Brian Bolton; the roll-call vote was 7-0 in favor.
The council also approved the consent agenda by a single motion moved by Vice Mayor Wendy Escoffier and seconded by Councilor Robert Foreman. The…
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