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Douglas County RLF board approves five-month interest-only plan for Earth Rider loan
Summary
The Douglas County Revolving Loan Fund Executive Board approved a five-month interest-only payment plan for Earth Rider, LLC’s first/original loan to allow the company to pay creditors and vendors and return loans to regular payments. The motion passed; Amy Tyson voted no.
The Douglas County Revolving Loan Fund, Inc. Executive Board on July 16, 2025 approved a five‑month interest‑only payment plan for Earth Rider, LLC’s first/original loan to aid creditor and vendor payoffs and to transition the loans back to regular payments.
The motion was made by Mark Hubbard and seconded by Kaci Jo Lundgren and the record states the motion carried. Amy Tyson recorded a dissenting vote; the transcript indicates three members voted in favor and one voted against. The board did not provide further detail in the meeting record about conditions or monitoring of the interest‑only period.
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