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Council votes to reamortize 1998 USDA LID loan
Summary
The Harrison City Council voted unanimously Nov. 14 to reamortize a 1998 USDA Local Improvement District (LID) loan after discussing the Transportation Alternatives Program; Mayor Wanda Irish recused herself during this agenda item.
During the Nov. 14 meeting the council addressed an item labeled USDA 1998 LID Assessment and approved a motion to reamortize the 1998 USDA LID loan. Will Butler made the motion and John Gray seconded it; the recorded vote shows Butler, Prophet, Cornell, Shutt, Gray and Lockhart all voting AYE.
The LID reamortization was considered alongside a discussion of the Transportation Alternatives Program (TAP). The council’s action on the loan restructures past assessment terms; the motion recorded in the minutes does not specify the new loan terms or schedule, which were not included in the packet excerpts in the transcript.
