Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Agriculture Financing topic
No spam. Unsubscribe anytime.
County approves $912,000 Next Generation Farm Loan package for Beiler family
Summary
Lancaster County approved a Next Generation Farm Loan application for Michael F. and Sadie S. Beiler: project total $912,000 with IDA financing of $612,000 for a farm in Leola; the resolution passed unanimously and notes the County assumes no liability for IDA obligations.
The Lancaster County Board of Commissioners on May 27 approved a Next Generation Farm Loan package for Michael F. and Sadie S. Beiler with a project total of $912,000 and Industrial Development Authority financing of $612,000. The farm is located at 314 Brethren Church Road, Leola, in West Earl Township.
The resolution — approved unanimously — states the Penn Township Lancaster County Industrial Development Authority held a public hearing and determined the application met public‑purpose and financial‑responsibility requirements under the Pennsylvania Economic Development Financing Law. The board’s approval explicitly states the County will not pledge its credit or be liable for the principal or interest of the Authority’s obligations.
