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Vernon Hills board signals support for interest-free transitional loans to stand up regional 9-1-1 agency
Summary
Trustees gave consensus to proposed terms for transition loans to LACOM, a new Lake County consolidated 9-1-1 agency, including up to $2 million from Vernon Hills in $1 million draw increments on a 10-year, interest-free schedule with repayment to begin in fiscal 2027. The proposal aims to fund hiring, equipment and start-up costs before LACOM begins collecting revenues in 2025.
Vernon Hills trustees on July 9 signaled support for a proposed intergovernmental loan program to finance start-up costs for a new regional emergency dispatch agency known as LACOM (Lake County Consolidated 9-1-1). Staff said the agency will not begin collecting surcharge revenue until it becomes operational — currently anticipated in mid-2025 — and that start-up expenses for hiring, training, software and equipment will require interim financing.
The transition team proposed an aggregate loan pool of about $6 million among participating jurisdictions, with draw requests made in $1 million increments over the first 12'24 months. Vernon Hills would be asked to…
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