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CITY, ND – Two men questioned the pledge and loan process concerning the proposed Valley City Health, Wellness and Physical Education Center.
Keith Colville asked the Barnes County Commission whether any bank would conduct business in this fashion without having the pledges in place.
Jack Ertelt asked commission president Cynthia Schwehr if the commission would monitor the loan process before moving forward.
Schwehr told Ertelt and Colville if the bank loan on the Wellness Center isn’t in place there would be no need to release $50,000 per year in economic development monies for the project over a five year period.
The commission approved of a motion two weeks ago to release those funds if the bank loan is secured.
