Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Zion council approves bank accounts, Paylocity modules and consulting help for finance
Summary
Council approved opening four TIF accounts at Old Second National Bank, purchase of two Paylocity software modules (raising per-employee fees from $9.15 to $16.85), and interim accounting contracts with Dearborn LaSalle Advisors plus a temporary engagement of retired finance staff to maintain operations.
The Zion City Council on Feb. 17 approved a package of routine administrative and financial items aimed at strengthening municipal operations.
Director Wellendorf asked the council to open four new TIF accounts at Old Second National Bank to secure higher interest rates (quoted at about 2.74% on TIF funds). Ted Cook, vice president of commercial banking at Old Second, introduced himself and answered questions about the accounts. The…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
