Belmond council to hold hearing on $2.4 million loan notes

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The Belmond City Council will meet Monday night with a public hearing scheduled on a major loan agreement.

The council will hold a hearing on authorizing a loan agreement and issuing up to $2.4 million in General Obligation Capital Loan Notes. Following the hearing, members will consider Resolution 2025-32, which would begin the process for taking additional action on the loan issuance.

Under new business, the council will take up Resolution 2025-34, which would provide the city’s local contribution for the 2026 Community Attraction and Tourism Grant.

The meeting begins at 7 p.m. tonight at Belmond City Hall.

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