Council approves second USDA loan resolution for $1.376 million toward pumping station work
Summary
Trappe approved a separate Loan Resolution RUS Bulletin 1780-27 for $1,376,000, described as the same resolution as the earlier one except for the amount; the vote was unanimous and USDA closings are scheduled Feb. 19.
The Trappe Town Council unanimously approved a second Loan Resolution RUS Bulletin 1780-27 in the amount of $1,376,000 to support the pumping station upgrade and rehabilitation.
President Newnam read the resolution and Town Attorney Lyndsey Ryan said the resolution is the same as the prior one except for the amount. President Newnam made the motion to approve; Commissioner Walter Chase seconded and the motion passed unanimously.
Attorney Ryan reiterated that the town has already approved undertaking the loans with Ordinance 5-2024 and said the resolution is required to close the USDA loans on the project's scheduled closing date.
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