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Avery County accepts state cash-flow loan of $1.97 million; commissioner recused
Summary
Avery County commissioners voted April 14 to accept a state cash-flow loan of $1,973,033.53 with no interest; Commissioner Junior Benfield recused himself from discussion and vote and the motion passed 3-0 among those voting and present.
Avery County commissioners voted on April 14 to accept a state cash-flow loan of $1,973,033.53 and to authorize the county manager to sign the related promissory note.
Caleb Hogan, Avery County finance officer, described the loan as state-funded, interest-free financing the county must repay. “The loan is $1,973,033.53. The interest income would not have to be paid back,” Hogan said.
Before discussion, Commissioner Junior Benfield asked to be recused from consideration of the cash-flow loan; the board, by consensus, excused him from the discussion and the vote. Commissioner Dennis Aldridge moved to accept the loan and adopt the related resolution (Attachment A), and Commissioner Wood Hall Young Jr. seconded the motion. The motion passed unanimously with those voting and present (3-0); Benfield was recused and Commissioner Robert Burleson was absent.
The board’s action authorizes county staff to execute the promissory note and to proceed under the loan terms. The workshop record does not show additional conditions attached to the acceptance; staff will follow up with implementation steps and required administrative filings.
