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Markesan council approves one-year $125,000 line of credit to fund fire truck and vehicle purchase
Summary
Council approved solicitations and accepted bids for a one-year $125,000 line of credit from Ergo Bank and Horicon Bank to fund a fire truck, Fire Station approach repair and a police vehicle; the motion carried 6-0.
Ald. Kazda moved and Ald. Lager seconded a motion to approve bid solicitations with Ergo Bank and Horicon Bank for a one-year $125,000 line of credit. The council approved the motion unanimously (6-0).
The line of credit was described in the minutes as funding the purchase of a fire truck, repair to the Fire Station approach, and a police vehicle. No loan terms beyond the one-year length and amount were included in the minutes; council accepted vendor solicitations to proceed.
