Legislation Details

File #: 43-24    Version: 1
Type: Resolution Status: Passed
File created: 12/19/2024 In control: City Council
On agenda: 12/23/2024 Final action: 12/23/2024
Title: PROPOSED RESOLUTION A RESOLUTION APPROVING A LOAN TO THE CONVENTION AND VISITOR’S BUREAU FOR THE PLANNED ROCK RIVER WATER TRAIL
Attachments: 1. 43-24 RESOLUTION APPROVING A LOAN TO THE CONVENTION AND VISITORS BUREAU

title

PROPOSED RESOLUTION

A RESOLUTION APPROVING A LOAN TO THE CONVENTION AND VISITOR’S BUREAU FOR THE PLANNED ROCK RIVER WATER TRAIL

 

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This proposed resolution approves a loan of up to $25,000 to the Convention and Visitor’s Bureau to support the construction of the Rock River Water Trail. The loan will be repaid in monthly installments of $500 with a 1% interest rate, and the funds will help cover contractor payments during construction.

 

recommendation

City Administrator Recommendation: City Council Adopt Proposed Resolution No. 43-24.