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Commissioners to consider forgiving loan

August 6, 2013
By Fritz Busch - Staff Writer , The Journal

NEW ULM - Brown County commissioners will consider today forgiving repayment of an $8,395.28 Minnesota Valley Action Council (MVAC) loan and file a satisfaction so property can be sold.

The Brown County Auditor-Treasurer's Office received a request from a relative of a deceased homeowner to consider debt forgiveness, according to the Request for Board Action (RBA).

The property has an $8,200 estimated market value with $2,500 attributable to the house and $5,700 for the land. The estate has been trying to sell the property. Offers on the home were from $5,000 to $5,500. A first mortgage is held by F&M Bank, Springfield in the amount of $2,000.

The home value has deteriorated significantly. The estate seeks loan forgiveness so it proceed with the property sale and pay off the mortgage, past due utilities, burial costs and other expenses.

Over the past 18 years, Brown County has collected more than $152,000 in revolving funds from the Small Cities Development Program. MVAC administered the funds and turned the files over to the County. Loan agreements were due and payable upon property sale, the property being classified as non-homestead or death. There were no financial commitments involved for Brown County. Funds collected under repayment agreements are to be used for county rehabilitation projects.

Commissioners will also consider:

Hiring Madsen Surveying for 2013 Sigel and Milford Township Re-monumentation projects for $48,865. The project would start Aug. 12 and end Feb. 28, 2014. In cropped fields, Madsen Surveying would wait until harvest is done to complete survey work. There is $25,847.50 available from the 2013 county budget. The remaining $23,017.50 would be paid from the Recorder's Special Account.

Purchasing a new Chevrolet Caprice Police Pursuit Vehicle for $29,641.55 from Ranger GM, Hibbing, which has the 2013 state contract to replace an existing squad car with 151,859 miles at the end of June 2013.

Adopting the Brown County All-Hazard Mitigation Plan. Federal requirements include updating the plan every five years.

Increasing the facilities manager on-call rate to $55 per weekend, as of Jan. 1, 2014, subject to final 2014 budget approval.

The county board meeting starts at 9 a.m today in the courthouse commissioners room.

Brown County 2014 budget review sessions will be held in room 204 at 9 a.m., Monday, Aug. 19; 1 p.m, Tuesday, Aug. 20; and 9:30 a.m., Thursday, Aug. 22.

(Fritz Busch can be e-mailed at fbusch@nujournal.com).

 
 

 

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