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Board appoints Nancy Gabrielsen to CD Loan Committee and approves two small-business loans
Summary
The Board approved adding Nancy Gabrielsen to the CD Loan Committee and approved two CD Loan applications—Davis for $13,500 and Coan for $25,000—with a waiver of the mortgage lien requirement; motions passed with all present voting yes and Deputy Mayor Dave Smith absent.
Anthony Canuel, chair of the CD Loan Committee, presented the committee report noting no delinquent payments and two recommended applications. The Board voted to add Nancy Gabrielsen to the CD Loan Committee (Maryellen Canuel moved; Kelly Banks seconded) with all present voting yes and Deputy Mayor/Trustee Dave Smith recorded as absent.
In New Business the Board approved two CD Loan applications as recommended: the Davis application for $13,500 and the Coan application for $25,000, each approved with a waiver of the mortgage lien requirement (motion by Kelly Banks; seconded by Jim Crawford). The minutes record that all present voted yes on the loans and other listed motions, with Dave Smith absent.
