EGF - Valley Golf
Jarrod Thomas | May 4, 2017 AT 4:37 pm
The East Grand Forks E-D-A has denied a request by Valley Golf officials to defer payments on an outstanding loan until 2023. Valley Golf is working to address some financial issues facing the organization. The amount on the outstanding loan totals just over 150-thousand dollars. The city has waived payment since September 2015 – with the deferral ending on June 30th.
The E-D-A action comes as the board tries to balance the importance of the course and the financial responsibilities of the loan. The vote to suspend the repayment obligation plus interest was rejected seven-zero.