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Finance committee moves renewal of $10 million line of credit and places lead service line loan on consent
5751020 · August 20, 2025
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Summary
The Finance Committee placed a one‑year renewal of a $10 million line of credit with Old National Bank on the consent agenda and recommended authorizing a 100 percent principal forgiveness public water supply loan for a lead service line replacement project.
The Finance Committee reported two financial items for the Committee of the Whole and placed both on the consent agenda during the Aug. 19 meeting.
Committee Chair Alderman Maciacos summarized a request to renew a line of credit with Old National Bank in the amount of $10,000,000…
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