Township Approves $440,000 Note for Property Purchase
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Description
Rich Township Board adopted Ordinance 26-01 authorizing issuance of a $440,000 note with American Community Bank of Indiana to finance purchase of property at 20900 South Western Avenue in Olympia Fields. The financing ordinance passed unanimously by roll call vote.
Contract Details
Contract Amount
$440,000
Vendor
AMERICAN COMMUNITY BANK OF INDIANA
Agency
Town of Rich, IL
Contract Type
FINANCIAL_SERVICES
Document Date
January 14, 2026
Renewal Info
Single note issuance for property purchase under Ordinance 26-01; no renewal terms stated in the minutes.
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More from Town of Rich
Town of Rich Meeting Agenda May 18, 2026
Rich Township Board Meeting Agenda March 2026
Rich Township Regular Board Meeting Agenda January 2026
Rich Township Regular Board Meeting Agenda January 2026
Rich Township Regular Board Meeting Agenda January 2026
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