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Luck board tables TID 3 termination and golf-course loan refinancing
Summary
The Luck Village Board tabled consideration of a TID 3 termination-or-extension resolution (to be revisited by Oct. 6) and tabled refinancing of the golf course loan of $158,769.69 that matures Nov. 30, 2024; both motions were recorded as tabled in the Sept. 11 minutes.
The Luck Village Board on Sept. 11 voted to table action on a termination-or-extension resolution for Tax Increment District 3, with the board setting a target for reconsideration by Oct. 6.
The board also tabled a proposal to refinance the golf course loan, which the minutes show has a principal balance of $158,769.69 and matures on Nov. 30, 2024. Both items were recorded as tabled on motions by Mark Beidleman and Stephanie Mueller; the minutes record these actions without a recorded dissent.
No further detail about refinancing options, lenders, or fiscal impacts was included in the minutes. The board also reminded members of a budget workshop scheduled for Oct. 9 at 4 p.m., where related fiscal items may be discussed.
