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Revolving Loan Fund Committee denies Bristol Automotive loan; Selectboard receives informational report
Summary
The Revolving Loan Fund Committee denied a loan application from Bristol Automotive; the Selectboard received the informational report, noted applicant name is public information but financial specifics are not, and discussed committee vacancies.
The Selectboard received an informational report that the Revolving Loan Fund Committee declined a loan request from Bristol Automotive. Michelle Perlee, relaying the Committee minutes, explained the decision; the Chair noted the item was informational and that specific financial details remain confidential and are customarily discussed in executive session.
Board members discussed whether the applicant's name should be publicly identified; the Chair noted the applicant name is public information. The Board also learned there are two vacancies on the Revolving Loan Fund Committee, and it agreed to schedule a meeting for at least one applicant to meet the Board for potential appointment. No Board action was taken on the loan denial.
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