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Markesan council accepts $125,000 loan from Horicon Bank to fund fire truck and vehicle repairs
Summary
The council accepted Horicon Bank’s bid for a $125,000 loan at 3.99% to purchase a fire truck, repair the fire station approach, and buy a police vehicle; the motion passed unanimously 6-0 on roll call.
The Markesan Common Council accepted a loan offer from Horicon Bank for $125,000 at an interest rate of 3.99 percent to fund three capital needs: purchase of a fire truck, repair of the fire station approach, and purchase of a police vehicle.
Ald. Abendroth moved acceptance of the bid and Ald. Triemstra seconded; the motion carried 6-0 on roll call vote. The minutes list the loan amount and rate but do not provide a repayment schedule or identify the fund source for debt service.
