Library Board Confirms Ongoing Debt Service With Chase

The Algonquin Area Public Library District Board approved January 2025 disbursements that include ongoing debt service payments to Chase, with two annual payments covering principal and interest and interest-only through 2027. Trustees confirmed the structure and duration of the repayment schedule during the meeting.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

through 2027

Renewal date

2027-12-31

Renewal

Debt service schedule includes two payments annually—one for principal and interest and one for interest only—continuing until final maturity in 2027.

Document type

Minutes

Source document

algonquin_area_public_library_district_board_meeti.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Algonquin Area Public Library District?

CHASE was awarded this financial services contract by Algonquin Area Public Library District, as recorded on October 22, 2025.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in algonquin_area_public_library_district_board_meeti.pdf (Minutes), dated October 22, 2025 from Algonquin Area Public Library District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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