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Waterloo board authorizes $126,000 loan for tractor and mower attachment
Summary
Trustees passed Resolution 07-07-26-07 approving a $126,000 loan from Foundation One Bank to finance a tractor and mower attachment. The motion passed by roll-call vote with trustees present voting yes.
Chairperson Travis Harlow introduced and read Resolution 07-07-26-07 to approve a bank loan with Foundation One Bank in the amount of $126,000.00 for the purchase of a tractor and mower attachment. The resolution passed on a motion by Harlow, seconded by Rotert; roll-call recorded yes votes from Rotert, Harlow, Sass and Rochford with Ewing absent.
The minutes list the loan amount and intended equipment but do not include loan-term specifics (interest rate or repayment schedule) in the recorded motion. A copy of the resolution and loan authorization is kept on file at the clerk's office.
