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Board says loan paperwork incomplete for grocery store EDA interest-free funds
Summary
A board member asked for a status update on an earlier approved 50% interest-free EDA loan for a grocery store project; staff said owners are submitting documentation, staff has outstanding file items and the county must certify VNEX grant eligibility before releasing remaining funds.
A board member asked about final approval of the previously approved interest-free EDA loan for a local grocery store project. The board had approved an initial 50% of the loan and requested a further review and presentation before releasing the remainder.
County staff said the owners are submitting documentation for review and that some required documentation was missing from the file. Staff indicated they will meet with the owners later this week to review materials and that further board action will be scheduled once VNEX grant certification and the agreement are in order.
