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Trappe council adopts Resolution 4-2025 to renew $100,000 Shore United Bank line of credit

Trappe Town Council · December 3, 2025

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Summary

The council unanimously adopted Resolution 4-2025 renewing a $100,000 Shore United Bank Line of Credit promissory note (currently zero balance); the attorney said the LOC is renewed annually.

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President Newnam read Resolution 4-2025, which authorizes renewal of a Shore United Bank Line of Credit Promissory Note in the principal amount of $100,000. Town Attorney Lyndsey Ryan reviewed the LOC’s history and said the line is renewed on an annual basis and currently carries a zero balance.

Commissioner Potter moved to adopt Resolution 4-2025; Commissioner Chase seconded the motion. The recorded vote was Sullivan: yes; Newnam: yes; Potter: yes; Chase: yes. The council unanimously approved the resolution.

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