Council approves Proper Pilots loan, tables Redwire payment pending funding clarification
The council approved a $50,000 forgivable loan (with benchmarks) for Proper Pilots and tabled a $312,500 Redwire disbursement to a joint meeting so commissioners can clarify a funding source; members debated whether contracts should create obligations without an identified funding line.
The full story
Councilors debated two proposed forgivable loans from Floyd County’s revolving loan fund during the Jan. 7 meeting, approving one award to Proper Pilots and tabling a second payment to Redwire until a joint meeting with the county commissioners clarifies funding.
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