Cedar Fort approves $1.25 million loan resolution for water system
Council approved Loan Resolution No. 4 authorizing a $1.25 million loan for the town water system and water tank; the document finalizes previously discussed financing steps and was recorded as carried.
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Council approved the final loan resolution that authorizes $1,250,000 in debt for the Cedar Fort water system and tank project. Staff said the resolution is the formal document reflecting prior approvals and signatures; Mayor Eric Cook moved for approval and the motion carried. "So 1,250,000 is our amount that we're taking out," staff said when describing the loan amount.
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