Woodford County Finance Committee Agenda Packet 2026-06-10
Chip Energy Revolving Loan Remains in Good Standing
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Description
Chip Energy continues to make payments on its revolving loan with Woodford County, with the loan anticipated to be paid off by March 2028. The Treasurer's May 2026 report confirms active status and compliance.
Contract Details
Vendor
CHIP ENERGY
Agency
Woodford County, IL
Contract Type
FINANCIAL_SERVICES
Document Date
June 10, 2026
Contract Term
expected to be paid off by March 2028
Renewal Date
2028-03-31
Renewal Info
Loan ongoing; scheduled payoff in March 2028. No renewal anticipated at this time.
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