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Lyndon Station board approves $118,975 interim loan for watermain engineering
Summary
The Village of Lyndon Station approved Resolution 2026-03R authorizing an interim loan of $118,975 from the Bank of Mauston at 4.90% interest to cover engineering expenses for a watermain replacement project; repayment is scheduled as a single payment on July 31, 2027.
The Village of Lyndon Station board on June 22 approved Resolution 2026-03R authorizing 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 the resolution, Trustee Jan Miller seconded it, and the minutes record the motion as carried unanimously among members present.
The resolution specifies repayment of the loan in a single payment on July 31, 2027. The board recorded the loan amount, interest rate, lender name and the single-payment repayment schedule in the motion text; no further financing details or amortization terms appear in the minutes.
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