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Committee accepts $125,000 Horicon loan bid to fund fire truck, station approach repair and police vehicle
Summary
The Finance, Personnel & Safety Committee accepted a Horicon loan bid for $125,000 at 3.99% to purchase a fire truck, repair the fire station approach, and buy a police vehicle; the motion carried at the Feb. 3 meeting.
Committee members voted to accept a loan bid from Horicon 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 acquisition of a police vehicle. The motion was moved by David Abendroth and seconded by Dennis Treimstra; the transcript records the motion as carried.
The transcript does not specify repayment terms beyond the interest rate, the loan maturity, or which department will manage procurement. Committee members approved the bid at the Feb. 3 meeting; next steps for contract execution or financing were not detailed in the record.
