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Carlton County approves $1.86 million transfer to Economic Development Fund
Carlton County Board of Commissioners · March 23, 2026
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Summary
The Carlton County Board approved transferring $1,860,000 from the County General Fund to the Economic Development Fund, with principal-only repayments beginning March 23, 2027.
The Carlton County Board of Commissioners approved a fund balance transfer of $1,860,000 from the County General Fund to the Economic Development Fund. The transfer includes a repayment structure of principal-only payments beginning March 23, 2027.
The motion carried unanimously. The Economic Development Director also noted the board was informed about a proposed second loan to LFD Holdings, LLC; no final loan action was recorded in the minutes beyond that notice.
