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EDA approves six-month deferred-payment extension for borrower Amelia Heald
Summary
The St. James EDA approved a six-month deferral of payments on a CDA loan for borrower Amelia Heald after a staff presentation; the measure carried 6-0.
The St. James Economic Development Authority voted on Feb. 10 to grant a six-month deferment on payments for a CDA loan to borrower Amelia Heald.
Economic Development Director Brianna Sanders presented the request, saying the borrower sought a six-month extension of deferred payments. The board approved the extension by motion of Mark Johnson, seconded by Paul Harris; the motion carried 6-0.
The action authorizes a temporary payment deferral; the transcript does not specify new repayment terms beyond the six-month deferral. Staff will record the extension in loan records and follow up with any required loan-administration steps.
