Ayer Economic Development Committee Ends 120-Day COVID Loan Forbearance Unanimously

AYER — December 3, 2020 — Ayer's Economic Development Committee voted unanimously to end a 120-day COVID forbearance on town loans, effective December 2020. Staff member Alan told the board he had confirmed with three of four affected borrowers — Calvin, Randy Fermanic of African Controls, and Kevin Bacon — that all were prepared to return to normal payment schedules. The motion was made by Frank Callahan and seconded by a member identified as Nick. The committee also learned that John Jarvis, associated with the Jack O'Lantern package store, is exploring a commercial facade and signage loan after a vehicle struck the building; the program offers the first $10,000 interest-free with roughly 2 percent on amounts above that threshold. The panel moved to executive session to discuss matters involving Morris Babcock and the Neshoba Club restaurant.