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Rothschild authorizes $100,000 corporate guarantee for Mountain Bay Metropolitan Police Department credit card
Summary
The Rothschild Village Board authorized the village to serve as corporate guarantor for Mountain Bay Metropolitan Police Department’s U.S. Bank credit card with a $100,000 limit, citing the department's non‑taxing status and the village's fiscal‑agent role.
The Village of Rothschild authorized a $100,000 corporate guarantee for the Mountain Bay Metropolitan Police Department’s U.S. Bank credit card at its July 28 meeting.
Administrator Ryan VanDeWalle explained that Mountain Bay is not a taxing entity and therefore requires a corporate guarantee; because Rothschild serves as the fiscal agent the village can provide that guarantee to facilitate card use. The board voted to authorize the village to grant the corporate guarantee with a $100,000 limit; the motion carried 6–0.
Why it matters: The corporate guarantee allows Mountain Bay Metro PD to access a line of credit for operational expenses while Rothschild retains fiscal‑agent oversight. The action is administrative; the minutes record no further conditions or budgetary adjustments tied to the guarantee.
