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Bloomer council approves $475,000 State Trust Fund loan for TID 5 site grading and utilities
Summary
The council approved an application and resolution authorizing a $475,000 State Trust Fund Loan from the Board of Commissioners of Public Lands to fund site grading and gas and electric utility improvements within TID 5. Motion carried (Jenneman/Poppe).
The Bloomer Common Council voted to authorize an application and resolution for a State Trust Fund Loan of $475,000 to support site grading and gas and electric utility improvements within Tax Increment District 5. The motion (Jenneman/Poppe) carried on July 22.
The loan authorization was presented as part of a package of TID 5 financing and construction actions at the meeting. Alderperson Jenneman moved the measure and Alderperson Poppe seconded; the transcript records the motion as carried. The council approved the loan authorization alongside Resolution #09-26 and related construction approvals.
The transcript does not include loan terms, repayment schedule, or project timelines; those details were not specified in the meeting record.
