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East Grand Forks City Council adopts microloan policy, approves bond reimbursement intent and hires public‑works driver
Summary
At its Nov. 18 meeting the East Grand Forks City Council adopted a microloan revolving‑loan policy to be administered by the Economic Development Authority, declared intent to reimburse bond‑funded expenditures, approved the hiring of Barry Nelson in Public Works, authorized payments and noted a council member's abstention on a small procurement payment.
The East Grand Forks City Council on Nov. 18 adopted a set of routine resolutions and approvals including a microloan revolving‑loan policy, an intent‑to‑reimburse resolution tied to future bond proceeds, the hiring of a public‑works truck driver and authorization of accounts‑payable and payroll disbursements.
Resolution No. 25‑11‑84, approved by roll call, establishes a policy and standard operating procedure for a microloan revolving‑loan fund to be administered by the Economic Development Authority and governs use of discretionary loan funds. Council Member Dale…
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