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Rosemont board authorizes renewal of $3 million line of credit at Parkway Bank

Village of Rosemont Board of Trustees · October 14, 2024

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Summary

Ordinance No. 2024-10-14A authorizing the Village to renew a $3,000,000 line of credit at Parkway Bank & Trust Company (Loan No. 36953) with interest intended to be tax-exempt was approved unanimously on Oct. 14.

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The Board approved Ordinance No. 2024-10-14A on Oct. 14 authorizing the Village of Rosemont to renew a $3,000,000 line of credit at Parkway Bank & Trust Company (Loan Number 36953). Trustee Dorgan moved for approval and Trustee DiMatteo seconded; the vote was unanimous among attending trustees and Trustee Fazio was absent.

The minutes note that the interest on the line of credit is intended to be tax-exempt; they do not include additional loan terms or a repayment schedule in this entry.

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