Legal Notice: Rural Opportunity Zone Resolution

November 13, 2024

Resolution No. 2024-005

 

RESOLUTION OF THE BOARD OF GREELEY COUNTY SUPERVISORS AUTHORIZING PARTICIPATION IN RURAL OPPORTUNITY ZONE STUDENT LOAN REPAYMENT PROGRAM CALENDAR YEAR 2025

 

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY SUPERVISORS OF GREELEY COUNTY, KANSAS,

 

Section 1. Pursuant to K.S.A 2021 Supp. 74-50,223, the Board of County Supervisors expressed its intent to participate in the Rural Opportunity Zone (ROZ) student loan repayment program.

 

Section 2. Greeley a Rural Opportunity Zone pursuant to K.S.A. 2021 Supp. 74-50,222. As of July 1, 2024, the County population was 1181 as certified by the Kansas Department of Revenue.

 

Section 3. Greeley County Supervisors hereby obligate Greeley County to participate in the ROZ student loan repayment program as provided by K.S.A. 2021 Supp. 74-50,223 for a period of five years, which shall be irrevocable.

 

Section 4. Greeley County agrees to pay in equal shares with the State of Kansas the outstanding student loan balance of any resident individual for five years if the resident individual meets the terms of qualification provided by the State of Kansas in K.S.A 2021 Supp. 74-50,223, and the appropriate rules and regulations. The

number of qualified resident individuals receiving such payments will be subject to the availability of funds.

 

Section 5. Greeley County intends to enter into partnerships with Cities, Employers, and Foundations for the direct sponsorship of Rural Opportunity Zone Applicants. Sponsored Applicants must meet all qualifications of the ROZ program. All sponsorships will be subject to ROZ student loan repayment rules and regulations.

 

Section 6. The maximum student loan balance for each qualified resident individual to be repaid jointly by Greeley County and the State of Kansas shall be $15,000 over a term of five years.

 

Section 7. Greeley County shall allocate $20,000 a year for the purpose of matching payments from the State of Kansas to qualified resident individuals. Greeley County shall revise its ROZ budget on an annual basis submitting a new Resolution to the State of Kansas by January 30th each year. Greeley County shall submit their obligation in full to the Department of Commerce before the first day of October each year.

 

BE IT FURTHER RESOLVED that this resolution shall be published once in the official county newspaper and

shall be in effect from and after its date of publication.

 

Adopted this 28th day of October 2024 by the Board of Greeley County Supervisors, Greeley County, Kansas.

 

BOARD OF SUPERVISORS OF GREELEY COUNTY, KANSAS

Scott Steele

Stephen Mangan

Kirby Kleymann

Monty Moritz

Justin Phillips

 

Attest: Jerri Young, County Clerk