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Kane County MBA reports no active CIB loans at May 26 meeting
Summary
At its May 26, 2026 meeting the Kane County Municipal Building Authority said all Community Impact Bond (CIB) loans have been fulfilled and there are no active loans to consider; the session approved minutes and adjourned quickly.
At its May 26, 2026 meeting, the Kane County Municipal Building Authority (MBA) reported that there are no active Community Impact Bond (CIB) loans. A staff member told attendees that past CIB loans "have been fulfilled, and completed," leaving no outstanding loan business for the authority to consider at this session.
The update came during a brief procedural meeting held at 9 a.m. in the Commission Chambers of the Kane County Courthouse. With no lending or financing items on the agenda, the session moved quickly through a consent item to approve prior minutes and then to adjournment. The staff member summarized the status plainly: "We don't have any active loans out with it with the CIB." No further financial actions or motions regarding new loans were introduced.
