Committee reviews loan-fund performance, votes to enter closed session on a borrower in default
The committee received an update showing an ending loan-fund balance of about $195,833 and discussed delinquent accounts; members voted unanimously to enter a closed session under Wisconsin Statute Section 19.85 to discuss a loan recipient in default.
The full story
Staff presented the economic development loan program report and account balances, reporting a month-end balance of $195,833.39 and modest interest receipts. Committee members identified several borrowers with missed payments and asked staff to review original loan documents to confirm payment terms.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
or