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Clark County approves $125,000 short-term Keiko loan at 5%

October 23, 2025 | Clark County, Kentucky


This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »

Clark County approves $125,000 short-term Keiko loan at 5%
Clark County Fiscal Court voted to accept a $125,000 loan offer with an 18‑month term at 5% interest and authorized the judge to sign loan documents to get funds in place quickly.

Court members discussed that the lender would not extend the originally requested three‑year term but would advance funds for 18 months at 5%. A court member moved to approve the loan and asked the judge to sign all documents “to get that funded ASAP.” The motion passed with the court chair saying, “Aye,” and no recorded nays.

Court members said taking the shorter term would let the county pay pending bills and move forward while other capital projects remain under consideration. One member said the county’s prior request for a three‑year term was reversed after a notice about potential late payments, which the speaker described as “very unfortunate,” but the court nonetheless opted to take the 18‑month offer to resolve immediate cash needs.

The court did not specify additional financing details such as prepayment penalties or collateral in the meeting record. The judge was authorized to execute the loan documents; timing for fund receipt was discussed as “as soon as possible.”

The vote was recorded by voice; no roll‑call tally was provided in the minutes. The court’s action authorizes execution of the loan paperwork; further contract details were not specified at the meeting.

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Scribe from Workplace AI
Scribe from Workplace AI