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Review team recommends $475,000 0% loan to Fremont Area Habitat for Humanity
Summary
The Local Option Review Team voted 3-0 on April 28 to recommend that the City Council approve a $475,000 repayable loan at 0% interest to Fremont Area Habitat for Humanity after staff and a Habitat representative answered members’ questions.
The City of Fremont Local Option Review Team voted 3-0 on April 28 to recommend that the City Council approve a repayable loan of $475,000 at 0% interest to Fremont Area Habitat for Humanity.
Plan Administrator Angie Olson presented the Habitat application and responded to questions along with a representative of Fremont Area Habitat for Humanity. Member Mueller moved to recommend approval and Member Lathrop seconded. The motion carried with Members Eairleywine, Mueller and Lathrop voting yes; Members Jensen and Meister were absent.
The meeting record does not specify repayment terms beyond the 0% interest rate or identify the funding source for the loan. No public comment was recorded on the application.
The recommendation will be forwarded to the Fremont City Council for final consideration.
