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Alma council approves $30,000 Banner Capital loan for golf parking; irrigation pump quote flagged
Summary
Council approved a $30,000 loan from Banner Capital at 4.25% for five years to fund golf course parking improvements and possibly irrigation needs; a separate irrigation pump quote of $28,089.88 for equipment and installation was noted.
The council approved a $30,000 loan from Banner Capital at 4.25% interest for a five-year term to be used for golf course parking improvements and/or irrigation improvements as determined by the Golf Board. Council discussed whether the loan could cover parking and newly identified irrigation pump needs; the motion passed 4–0 (Moulton, Mahalek, Casper, Wheeler voting yes).
Council members noted a separate, newly identified irrigation pump equipment and installation quote of $28,089.88. The Golf Board will determine final use of loan proceeds and provide further direction to the council if pump repairs are prioritized.
