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Chair: Kane County MBA has no active CIB loans; minutes from Sept. 30, 2025 approved
Summary
At a brief May 26, 2026 Kane County Municipal Building Authority meeting, the chair said all CIB loans have been fulfilled and there are no active loans; the board approved minutes from Sept. 30, 2025 on the consent agenda and adjourned at 9:01 a.m.
The Chair of the Kane County Municipal Building Authority called the meeting to order at 9:00 a.m. on May 26, 2026, and said the authority currently has no active Community Investment Board (CIB) loans. "We don't have any CIB loans," the Chair said, adding that past loans have been fulfilled and completed.
The Chair moved the consent agenda item to approve the MBA minutes from Sept. 30, 2025. After the Chair asked, "All in favor?" attendees responded "Aye," and the Chair said the meeting minutes were approved. No roll-call votes or individual voter names are recorded in the transcript.
The meeting contained no staff presentations or new loan actions; the Chair described the MBA's typical role as tracking CIB loans but reported none outstanding. With no further business, a motion to adjourn was made and the meeting ended shortly thereafter.
