Wednesday, August 17, 2011

Supervisors Move Ahead On Loan Plan

BOONE, Iowa---The Boone County Board of Supervisor approved the next step in the process of issuing $2.5 million in Taxable Urban Renewal Capital Loan Notes during their Wednesday meeting. The resolution is the next step directing the sale of the notes on behalf of the county. Proceeds are being used to cover county obligations related to the Central Iowa Expo site east of Boone. Initially, it was hoped that fund raising by Central Iowa Expo site would allow the County cover it's expenses without actually having to sell the loan notes.

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