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Gregory council amends resolution to authorize $1.5 million loan for Phase I streets
Summary
On March 2, 2026, the Gregory City Council amended Resolution 2026-01 to authorize a $1.5 million loan (replacing a previously approved $1 million bond) to ensure funding for the street portion of Phase I; the motion passed unanimously.
The Gregory City Council on March 2, 2026, voted to amend Resolution 2026-01 to authorize a $1.5 million loan to guarantee funding for the street portion of Phase I. Mayor Al Cerny and Finance Officer Trudy Waterman explained the change from a previously approved $1 million bond to a larger loan to provide greater flexibility and sufficient funds for the project.
The amendment was moved by Councilmember Ashley Lozano and seconded by Councilmember Laura Petersen; the minutes record "All ayes. Motion carried." The minutes do not specify loan terms, interest rate, or lender; those details were not provided in the meeting record.
