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Markesan council accepts $125,000 loan to buy fire truck, repair station approach and buy police vehicle
Summary
The council accepted Horicon Bank's loan bid of $125,000 at 3.99% to fund the purchase of a fire truck, repair the fire station approach and a police vehicle; vote was 6-0 on Feb. 10.
The Markesan Common Council accepted a loan bid from Horicon Bank for $125,000 at an interest rate of 3.99% to fund three capital items: purchase of a fire truck, repair of the fire station approach, and procurement of a police vehicle (motion Abendroth/Triemstra). The motion carried 6-0 on a roll call vote.
Council approval authorizes staff to proceed with the financing terms presented; further administrative steps to close the loan and schedule purchases were not detailed in the minutes. The loan covers multiple capital needs identified by the city's public safety and public works functions.
