Village of River Grove Village Board Meeting Minutes 2026-05-04
Village Expands $1.4M Capital Lease With Wintrust Bank
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Description
The Village of River Grove approved Resolution 2026-R-25 establishing an additional five-year, $1,400,000 lease schedule with Wintrust Bank. The municipal master lease will finance various capital items and rolling stock for police, fire, and public works in the 2026 budget.
Contract Details
Contract Amount
$1,400,000
Vendor
WINTRUST BANK
Agency
River Grove village, IL
Contract Type
FINANCIAL_SERVICES
Document Date
May 4, 2026
Contract Term
Five (5) years
Renewal Info
Additional lease schedule under existing Municipal Master Lease Agreement for a five-year term; future renewals or extensions would follow master lease provisions.
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