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Markesan council accepts $125,000 loan from Horicon Bank to fund fire truck and repairs
Summary
Council voted 6-0 to accept Horicon Bank's $125,000 loan offer at 3.99% to purchase a fire truck, repair the fire station approach and buy a police vehicle; motion by Ald. Abendroth, seconded by Ald. Triemstra.
The Common Council accepted a loan bid from Horicon Bank for $125,000 at an interest rate of 3.99 percent to fund the purchase of a fire truck, repair the fire station approach and purchase a police vehicle. The motion, offered by Ald. Abendroth and seconded by Ald. Triemstra, passed on a 6-0 roll call vote.
The acceptance authorizes city staff and finance officials to execute loan documents and proceed with the capital purchases; council minutes record follow-up tasks for executing the loan and coordinating procurement with respective departments.
