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Tecumseh council votes to discontinue CDBG housing revolving loan fund
Summary
At its July 6 meeting, the Tecumseh City Council voted 5-0 to approve a resolution discontinuing the Community Development Block Grant (CDBG) Housing Revolving Loan Fund (RLF); a public hearing produced no public comment.
At a July 6 regular meeting in the Utilities Conference Room, the Tecumseh City Council voted 5-0 to approve a resolution discontinuing the Community Development Block Grant (CDBG) Housing Revolving Loan Fund (RLF).
The council opened a public hearing on the amendment and discontinuation of the Housing RLF at 5:00 p.m.; the minutes record that "No public comment" was received and the hearing closed at 5:01 p.m. The formal motion to adopt the resolution was recorded as "Motion by Speckmann, second by Topp to approve resolution." The vote was recorded as Aye: Beethe, Britt, Brommer, Speckmann and Topp; there were no Nays and Councilmember Travis Goracke was absent.
The resolution directs the city to discontinue the Housing RLF and cease any housing activities under that program. Council action to discontinue the RLF follows the public hearing and does not, in the minutes, list follow-up requirements or a timetable for winding down any outstanding loans or commitments under the fund. The minutes do not specify whether any loans remain active or how outstanding balances will be handled.
Council documents filed with the minutes describe the item as an amendment to the city's CDBG Housing RLF under the Housing Reuse Plan for the City of Tecumseh. The minutes do not identify any public speakers for or against the discontinuation.
