September 9, 2025Asheville City Council
From the minutes, not yet reviewedWhat it does
Enters into a Round 3 cashflow Loan Agreement 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 is designed to be a cash flow bridge until FEMA reimbursements are received, which will then be used to pay back the loan.”
Official title: Resolution to enter into a Round 3 cashflow Loan Agreement 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 Roney and carried unanimously.
Read the motion as recorded
“RESOLUTION NO. 25-199 - RESOLUTION TO ENTER INTO A ROUND 3 CASHFLOW LOAN AGREEMENT WITH THE STATE OF NORTH CAROLINA AND TO AUTHORIZE THE CITY MANAGER TO EXECUTE THE ASSOCIATED DOCUMENTS”
Open the minutesConsent agenda, item F