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Agenda proposes closing dormant account 1179 and applying remaining funds to loan ending in 1387
Summary
The council agenda proposes closing dormant account number 1179 and applying remaining funds to a loan identified by trailing digits 1387; the agenda does not list the balance or the loan paydown amount.
The posted agenda asks the council to approve closing dormant account 1179 and to apply any remaining funds to a loan identified as ending in 1387. The agenda text includes only the account and loan identifiers and does not state the dollar balance in account 1179 or the outstanding balance of the loan.
Financial housekeeping items such as account closures are commonly approved on consent agendas when there are no substantive policy changes, but the posted agenda does not attach supporting financial documentation. The City Council read the item into the record but did not include a specific dollar amount in the text provided.
