Aurora council renews $10 million line of credit for one year
5750970 · September 8, 2025
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Summary
The council unanimously authorized a $10 million one‑year renewal of the city’s line of credit with Olteca National Bank, expiring June 30, 2026.
The Aurora City Council unanimously approved a resolution authorizing the execution of documents to renew a city line of credit in the amount of $10,000,000 with Olteca National Bank for a one‑year term expiring June 30, 2026.
The motion to approve was made by Alderman Franco and seconded by Alderman Garza. The roll call vote was 12–0 in favor. No substantive discussion or budget amendment accompanied the motion on the floor.