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County approves $1.9 million Next Generation Farm Loan for Frey
Summary
Commissioners approved Resolution No. 25 to support a $1,900,000 Next Generation Farm Loan application for Ross R. Frey, including $682,000 in Industrial Development Authority financing for property at 11 Radcliff Road, Willow Street.
Commissioner Joshua G. Parsons moved, and Commissioner Ray D’Agostino seconded, a motion to approve Resolution No. 25, which records a $1,900,000 project total for a Next Generation Farm Loan application for Ross R. Frey with $682,000 financed by the Penn Township Lancaster County Industrial Development Authority. The farm is listed at 11 Radcliff Road, Willow Street, Lancaster County.
The board’s resolution states the IDA determined the application meets public purpose and financial responsibility requirements under the Pennsylvania Economic Development Financing Law and reiterates that county approval does not pledge county credit. The motion passed with D’Agostino and Parsons voting yes and Commissioner Yoder absent.
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