Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Economic Development topic
No spam. Unsubscribe anytime.
Council agrees to proceed with loan for daycare project
Summary
The Redfield City Council authorized moving forward with a loan for a daycare project and annual payments on May 5; motion carried.
REDFIELD — The council authorized proceeding with a loan for a local daycare project at its May 5 meeting. The motion, made by Mike Siebrecht and seconded by Amy Akin, directed the city to pursue the loan with annual payments; minutes record that the motion carried.
The minutes do not record loan amount, lender, or schedule in the meeting record; those details are to be determined during loan processing and by staff follow-up. The council’s action authorizes the city to proceed with arranging financing rather than approving final loan documents at the May 5 meeting.
