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Commissioners direct drafting of loan agreement for Solid Waste District's $300,000 EDIT loan
Summary
The Jay County Commissioners requested a loan agreement be drafted for a $300,000 county EDIT loan to the Jay County Solid Waste District, with proposed terms of $30,000 annual payments over 10 years beginning in 2028 and the possibility of earlier repayment.
Commissioners directed county staff to draft an agreement with the Jay County Solid Waste District for a $300,000 county EDIT loan to support a new solid-waste facility. The proposed draft terms discussed at the meeting call for $30,000 annual payments over 10 years starting in 2028; commissioners noted the district intends to try to pay down the loan faster if possible.
Once the draft agreement is complete it will be returned for approval by both the county and the Solid Waste District, per the commissioners' instructions.
