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Staff updates council on Bank of North Dakota PACE participation request for Giant Snacks; JPA review pending
Summary
Staff told the council they had shared Giant Snacks' PACE loan participation materials with the JPA and that Amber Messer at economic development planned to place the request on the JPA agenda; the council received the update and took no action.
City staff provided a brief update on a request from Giant Snacks seeking Bank of North Dakota PACE loan participation. Chris said he had spoken with Amber Messer at the economic development office, who planned to take the PACE participation request to the Joint Powers Authority but that the city had not yet received a decision.
Councilors confirmed the JPA would consider the request and that staff would wait for the JPA's determination or bring back additional documentation if the JPA requested city participation. No formal action or vote was taken by the council on the Giant Snacks item during this meeting.
