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Williston approves $2 million Neighborhood Revitalization Program sponsored by Gate City Bank
Summary
The commission approved Resolution 25-006 establishing a $2,000,000 Neighborhood Revitalization Program sponsored by Gate City Bank; the City will administer applications and approved loans require building permits.
The Williston Board of City Commissioners unanimously approved Resolution 25-006 on March 11 to accept a Neighborhood Revitalization Program sponsored by Gate City Bank, which is allocating $2,000,000 to assist Williston homeowners in property investment and neighborhood revitalization.
Mark Schneider, Development Services Director, presented the program scope and the Housing Commission’s March 5 recommendation. Under the arrangement, the City will administer applications and forward them to Gate City Bank for review and loan processing; if a loan is approved by the bank, applicants will be required to obtain a building permit from the Building Department.
Commissioner Tate Cymbaluk moved to approve Resolution 25-006; Commissioner James Bervig seconded. The motion carried 5-0 with Commissioners James Bervig, Tate Cymbaluk, Brad Bekkedahl, Victoria Siemieniewski and Mayor Howard Klug voting AYE. The minutes do not specify loan terms, applicant eligibility criteria, or an implementation schedule beyond the program description presented at the meeting.
The record indicates the city will play an administrative role while Gate City Bank furnishes the capital and final loan approval; further program details are to be governed by the bank’s loan process and the city’s permitting rules.
