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Joint Revolving Loan benefits city and county 

Door County’s revolving loan fund had to be returned to the state, but a one-time state Community Development Block Grant-eligible project may happen thanks to the city of Sturgeon Bay.  At Tuesday’s Sturgeon Bay common council meeting, a recommendation for a joint City-County Revolving Loan Fund was unanimously approved.  The inter-governmental agreement between the city and the county would benefit both municipalities, according to Community Development Director Marty Olejniczak.  He says Door County approached the city with the idea.

 

 

Olejniczak says the agreement would help in the application process for the proposed affordable housing project by North Pointe Development at the Old West Side School property in Sturgeon Bay.  That project would be eligible for the state revolving loan and have Door County listed as a benefactor.  The goal has been to regionalize the more funds the last several years and avoid using federal monies that have many conditions attached to them, according to Olejniczak.  He says Door County still has to work through some details before the inter-governmental agreement would become a done deal.   

 

        

 

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