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Lyndon Station approves $118,975 interim loan from Bank of Mauston for watermain engineering
Summary
The board approved Resolution 2026-03R to secure an interim loan of $118,975 at 4.90% interest from the Bank of Mauston to cover engineering expenses for the Watermain Replacement Project, with a single repayment due July 31, 2027.
At its June 22 special meeting, the Village of Lyndon Station board adopted Resolution 2026-03R to obtain an interim loan of $118,975 from the Bank of Mauston at an interest rate of 4.90% to cover engineering expenses for the Watermain Replacement Project. President Darnell moved for adoption, Trustee Jan Miller seconded, and the measure passed unanimously.
The resolution specifies a single repayment date of July 31, 2027. The minutes record the loan amount, lender, interest rate and repayment date but do not specify the loan document’s other terms or the budget line that will repay the loan.
