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Council approves 48-month loan for mowing equipment over lone dissent
Summary
The Village of Geneva-on-the-Lake approved an emergency ordinance to finance mowing equipment through First-Citizens Bank & Trust Company for 48 months despite Council Member Don Woodward’s objection that the village should pay the equipment off rather than borrow.
The Village of Geneva-on-the-Lake council on July 22 approved Ordinance 2024-44, authorizing an equipment finance agreement with First-Citizens Bank & Trust Company for mowing equipment on a 48-month term and declaring an emergency.
The move was advanced by Council Member P. J. Macchia, who moved to declare an emergency and to act; both motions were seconded by Council President Matt Caudill. The emergency declaration and waiver of the three-reading rule passed, and the council voted 5–1 to adopt the ordinance. Council Member Don Woodward voted against the final passage, stating he would prefer the village pay off the equipment rather than taking a loan.
The ordinance authorizes a multi-year equipment financing arrangement; the transcript identifies the lender as First-Citizens Bank & Trust Company and sets the financing term at forty-eight months. No further financial terms (interest rate, principal amount) were read into the record. The council’s vote on the final motion was: Cynthia Dudeck — yes; Gary Himes — yes; P. J. Macchia — yes; B. J. McMullan — yes; Don Woodward — no; Matt Caudill — yes.
City officials did not record a discussion of alternative funding sources at the meeting beyond Woodward’s statement that he preferred paying the equipment off. The ordinance was adopted under emergency procedures, allowing it to take effect immediately per the village’s codified process.
The council is scheduled to meet again on Aug. 12 and Aug. 19 for upcoming work session and regular meetings.
