Get email alerts on the Tid3 Closure topic
No spam. Unsubscribe anytime.
Board authorizes $71,121.07 loan payoff to close TID 3
Summary
The board voted to pay $71,121.07 to Frandsen Bank and Trust to close Tax Increment District 3; the minutes state the payoff was a budgeted item.
The Luck Village Board voted July 8 to pay off a Frandsen Bank and Trust loan for $71,121.07 in order to close TID 3. Trustees Bruce Anderson and Ron Steen moved and seconded the motion; the minutes record the action as budgeted and carried.
The minutes do not list further steps for disbursement or confirm a payoff date beyond the approval. The board described the item as budgeted, indicating funds had been planned for the payoff in the village’s financial schedule.
AI generated
The text on this page is AI generated. Summaries, highlights, analysis, and video transcripts are all produced from the original source material.
AI can make mistakes, so if you spot one, and we will fix it for everyone.
Note: the source content is unaltered by us. Any content source we link to, be it a video, an audio recording, or a document, is presented exactly as its publisher released it. That publisher is usually a government body, sometimes an individual official or another organisation.
