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Council approves $100,000 revolving loan for Sienna Apartments
City Council of Vergennes, Vermont · October 22, 2024
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Summary
The Vergennes City Council unanimously approved a $100,000 revolving-loan to Sienna Apartments, LLC; the minutes note the first of two buildings on Armory Lane is completed and visitor Peter Kahn thanked the Council.
Alderman Koenig moved and Alderwoman Brinkman seconded approval of a $100,000 loan from the city's revolving loan fund to Sienna Apartments, LLC; the motion passed 7-0.
Minutes note this loan supports development on Armory Lane: "First of two buildings gone up on Armory Lane." Visitor Peter Kahn, listed among meeting attendees, expressed thanks to the Council after the vote.
