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Shiocton trustees approve $325,000 short-term line of credit
Summary
The Village of Shiocton Board approved Resolution 01-25 to obtain a $325,000 line of credit for short-term financing; the motion passed unanimously by trustees present.
The Village of Shiocton Board of Trustees voted Jan. 13 to approve Resolution 01-25 to obtain a short-term line of credit for $325,000.
Trustee Dawes read the resolution authorizing the line of credit. Trustee Gary Bunnell moved to approve the resolution and Trustee Kris Brownson seconded; the motion carried and "all Trustees present voted aye." (Trustees present were Dawes, Bunnell, Tyler, Brownson and Woods.)
The vote was recorded as an approved motion for short-term financing; no further details about the intended use of the line of credit were provided during the meeting.
The approval came as part of routine January business; the board also approved minutes from its December meeting and signed off on bills and vouchers later in the session. The meeting adjourned at 6:52 p.m.
