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Council approves $184,962.59 bridge loan payment to library
Summary
Palos Heights approved a $184,962.59 loan payment to the library to cover a shortfall from delayed county tax disbursements, passed 6-0 on Jan. 20, 2026.
The Palos Heights City Council approved a second loan payment to the local library totaling $184,962.59 during its Jan. 20 meeting. Alderman Michael McGrogan introduced the motion, explaining the payment is a bridge loan prompted by the county's delay in issuing tax funds.
Alderman McGrogan noted “this is bridge loan based on the County’s delay in issuing tax funds to the library.” The motion passed on a 6-0 roll call. The council did not specify repayment terms in the minutes; the payment is recorded as part of the consent of financial actions approved that evening.
The minutes do not list additional conditions or a repayment schedule; library officials or finance staff may provide further details outside the meeting minutes.
