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Committee accepts $125,000 Horicon loan at 3.99% to fund fire truck, repairs and police vehicle
Summary
Members accepted a Horicon loan bid for $125,000 at 3.99% to purchase a fire truck, repair the fire station approach and buy a police vehicle; repayment terms beyond the rate were not provided in the minutes.
The Finance, Personnel & Safety Committee accepted a Horicon loan bid for $125,000 at an interest rate of 3.99% to fund three capital needs: purchase of a fire truck, repair of the fire station approach, and purchase of a police vehicle. The motion was moved by David Abendroth and seconded by Dennis Treimstra; the minutes state the motion 'carried.'
The transcript does not include the loan repayment schedule, maturity date, security or covenants. Committee members did not record a roll-call vote; the minutes contain the motion language and the rate and amount but not additional financial particulars.
