Minutes of the Special Price City Council Meeting

City Council Chambers

December 20, 2007- 12:00 p.m.




            Richard Tatton                                   

            Kathy Hanna-Smith

            Jeff Nielson

            Rick Davis

            Jeanne McEvoy

Excused: Mayor Piccolo                                           


MOTION. Councilmember Nielson moved to appoint Councilmember Hanna-Smith as Mayor Pro-Tempore in the absence of Mayor Piccolo. Motion seconded by Councilmember Tatton and carried.


The Price City Economic Vitality Loan Fund Program received a request from Carrie King at Nextime Wireless regarding additional loan funds for the purchase of additional inventory. The loan review committee has met and reviewed the request and is recommending disbursement of the additional loan funds. The additional loan funds would be secured via the approved supplemental funding agreement extending the terms and conditions of the original funding through final payout of the loan. It is also the recommendation of the loan review committee that this funding request complete the participation in the business funding by the Price City Economic Vitality Loan Fund to remain consistent with prior approvals and program administration practice. The maximum amount to borrow 10,000 due to amount of money that Price City has to borrow at any one time to any one person.

MOTION. Councilmember Nielson moved to approve the additional loan funds be accepted. Motion seconded by Councilmember Tatton. Motion carried. Tatton moved to authorize mayor and recorder to sign agreement. Motion seconded by Councilmember Nielson and carried.


Meeting adjourned at 12:00 p.m. by Councilmember Nielson.






                                                Kathy Hanna-Smith, Mayor Pro-tempore






Laurie Tryon, City Recorder