Council approves 90‑day extension on construction loan while USDA inspection completes
Council accepted a bank's 90‑day extension with no additional cost for a construction loan tied to the water main replacement project while the town awaits USDA engineering inspection and formal USDA loan funding.
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Staff told the council that the town is finishing a water main replacement that will be funded by a USDA loan once an engineer inspects and signs off on the project. The construction loan backing the work matures August 31; the bank offered a 90‑day extension at no cost so the town can obtain final USDA approval.
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