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Markesan council accepts $125,000 Horicon Bank loan at 3.99% for equipment and repairs
Summary
The council unanimously accepted a $125,000 loan from Horicon Bank at 3.99% to fund the purchase of a fire truck, repair the fire station approach and buy a police vehicle.
The Markesan Common Council accepted Horicon Bank’s loan bid of $125,000 at 3.99% in a 6-0 roll call vote to fund a new fire truck, repair work on the fire station approach and a police vehicle. The motion was made by Ald. Abendroth and seconded by Ald. Triemstra.
Minutes identify the loan amount and interest rate but do not break out how much of the $125,000 will be allocated to each item. The council recorded the acceptance as a formal financing action; staff follow‑up to finalize loan documents is implied but not detailed in the minutes.
