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Shelby council approves up to $350,000 in loans to buy new ambulance
Summary
After a public hearing with no objections, the Shelby City Council adopted Resolution 317-26 authorizing two loan agreements (Series 2026A and 2026B) in a principal amount not to exceed $350,000 to acquire and equip a new ambulance under Iowa Code §384.24A.
The Shelby City Council on March 17 adopted Resolution 317-26 to authorize two loan agreements in a principal amount not to exceed $350,000 to finance the purchase and equipping of a new ambulance.
Mayor Ron Kroll opened a public hearing at 7:00 p.m. on the proposed Series 2026A and 2026B loan agreements under Iowa Code §384.24A; the council heard no objections and closed the hearing. On a motion by Council member Pat Honeywell, seconded by Todd Frank, the council adopted the resolution by unanimous roll-call vote.
The loans were described as intended to cover acquisition and equipment costs for one ambulance. The resolution number recorded in the minutes is 317-26. The council did not record further financing details such as lender identity, term, or estimated annual debt service in the meeting minutes.
The council’s approval completes the local procedural step to secure financing; any steps required by the loan documents or state statute outside the meeting were not specified in the minutes. The meeting adjourned at 7:45 p.m.
