Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Economic Development topic
No spam. Unsubscribe anytime.
Board allows Ally Dakota Development to perform internal servicing actions for county Revolving Loan Fund borrowers
Summary
Kingsbury County approved a request allowing Ally Dakota Development to approve prudent servicing actions internally for borrowers of the county Revolving Loan Fund; the board voted unanimously.
County Auditor Echo Steffensen presented a request from Ally Dakota Development asking for authority to approve internal prudent servicing actions for borrowers who received loans from the county's Revolving Loan Fund. The Board approved the request by motion (mover: Lee; second: Nelson) with all present voting aye.
The minutes record the approval but do not enumerate the specific servicing actions to be delegated or any oversight conditions; the board recorded the authorization in the minutes without additional specification in the excerpt.
