Community Impact Board Approves Funding to the Wayne County Municipal Building Authority for Courthouse Land Purchase

SALT LAKE CITY, UT – December 14, 2010 – (RealEstateRama) — The Utah Permanent Community Impact Board (CIB) approved a finance package totaling $573,000 to the Wayne County Municipal Building Authority during a board meeting held on December 10.

The funding was awarded as a $473,000 loan at a 2.5 percent interest rate to be paid in 10 years and a $100,000 grant. The funding will be used to purchase property adjacent to the existing courthouse. The county will utilize the two buildings on the purchased property to house county employees.

“The purchase of these two buildings solves the need for more office space at the courthouse in Loa,” said CIB board member and Sanpete County Commissioner Claudia Jarrett, who represents the Six County Association of Governments. “Since a new courthouse isn’t projected for another five years, acquiring the adjacent buildings benefit the county by giving them room to expand while remaining near the aging courthouse.”

The Community Impact Board awards grants and low-interest loans to cities, towns and counties impacted by mining and the extraction of oil and gas on federal land. Projects funded by the CIB benefit rural Utah by creating safer, more livable communities. The program is managed by the Division of Housing and Community Development under the Utah Department of Community and Culture.

Contact:
Shad J. West
801-538-8718
shadwest (at) utah (dot) gov

 

 

No related posts.

Recent Posts

• • Statewide Homeless Point-in-Time Count to be Conducted Wednesday
  • Jamie Rigby enables IDX Broker on TruNet Real Estate LLC website to create dynamic online real estate resource
  • Utah’s Greenest Living Community Terra Sol Opens in South Salt Lake
  • HUD REGIONAL ADMINISTRATOR RICK GARCIA TO TOUR STATE STREET DEVELOPMENT
  • Kris Carrigan effortlessly transforms real estate website with IDX Broker software

Popular Posts

• • Board approves $1 million for housing on Navajo Reservation
  • Hines Opens Development and Investment Office in Salt Lake City
  • Midvale Mortgage Owners Charged with Fraud
  • Utah Housing Corporation Closes $74 Million in Bonds Assisting 515 Lower-Income Families
  • Care Investment Trust Inc. Forms Joint Venture With Senior Management Concepts, LLC to Acquire $61.0 Million Portfolio of Assisted Living Facilities
  • Pamela Atkinson Homeless Trust Fund Launches "Text TO Donate" Campaign
  • Find mountain homes available in Brian Head, Utah with IDX, Inc. and Broker Scott Bird
  • HEAT Applicants to See Lower Benefit Payments
  • Reckitt Benckiser Begins Construction Of New Logistics Center In Salt Lake City
  • Community Impact Board Approves Funding For Water System Improvements