March 25, 2025Asheville City Council
From the minutes, not yet reviewedWhat it does
Enters into a cashflow loan program with the State of North Carolina.
- Passed with the routine items, in one vote, without discussion.
- What the minutes say it will do: “The loan agreement requires the City to create a separate fund for the loan proceeds, which therefore requires a budget amendment to also be adopted in order to transfer the loan proceeds to the FEMA project within the City’s Special Revenue Fund.”
Official title: Resolution to enter into a cashflow loan program with the State of North Carolina and to authorize the City Manager to execute the associated documents
Carried unanimously, as part of the consent agenda
From the minutes: This motion was seconded by Councilwoman Turner and carried unanimously.
Read the motion as recorded
“RESOLUTION NO. 25-61 - RESOLUTION TO ENTER INTO A CASHFLOW LOAN PROGRAM WITH THE STATE OF NORTH CAROLINA AND TO AUTHORIZE THE CITY MANAGER TO EXECUTE THE ASSOCIATED DOCUMENTS”
Open the minutesConsent agenda, item C