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Commissioners approve $2,000 loan to Minidoka County Urban Renewal Agency RAA #2
Summary
The board approved a $2,000 county loan to the Minidoka County Urban Renewal Agency, Revenue Allocation Area #2, contingent on repayment of a $2,000 loan to RAA #1; motion recorded as carried.
Commissioner Kole moved to approve a $2,000 county loan to the Minidoka County Urban Renewal Agency, Revenue Allocation Area #2, contingent upon repayment of a $2,000 loan to Revenue Allocation Area #1; Commissioner Schaeffer seconded and the motion carried. The minutes do not specify repayment terms or the source of funds.
The commission recorded the contingency: RAA #2's loan approval depended on RAA #1 repaying an earlier $2,000 loan. The minutes do not include loan documentation or a repayment schedule; staff follow-up will be required to formalize repayment terms and recording.
