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FINANCIAL_SERVICESAPPROVED

Rich Township Regular Board Meeting Minutes January 2026

Township Approves $440,000 Note for Property Purchase

$440,000Town of RichAMERICAN COMMUNITY BANK OF INDIANAJanuary 14, 2026

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

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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