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Rock Valley council adopts loan authorization, endorses multiple housing grant applications as flood recovery continues
Summary
The Rock Valley City Council approved a resolution authorizing a loan agreement and adopted endorsements for several state disaster recovery housing grant applications as the city continues FEMA coordination, temporary housing planning and well-treatment efforts following July flooding.
Rock Valley Mayor Kevin Van Otterloo and the City Council on July 25 adopted a resolution authorizing the city to enter a loan agreement to borrow up to $10 million and approved a package of endorsements for state disaster recovery housing grant applications as part of ongoing flood recovery work.
The council held a public hearing on the loan authorization; the city clerk reported no written or oral comments. Councilmember Koldenhoven introduced Resolution No. 953-24 to enter into a loan agreement in a principal amount not to exceed $10,000,000; the motion passed with Councilmembers Van't Hul, Faber, Koldenhoven and De Kam voting aye.…
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