City of Geneseo Regular Council Meeting Agenda Packet May 2026
City considers $50,000 RLF loan to DeSplinter Electric
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Description
The City of Geneseo is set to consider Resolution R-26-13 authorizing a $50,000 Revolving Loan Fund loan to DeSplinter Electric Inc. to support the company’s operations or expansion under the city’s economic development program.
Contract Details
Contract Amount
$50,000
Vendor
DESPLINTER ELECTRIC INC
Agency
City of Geneseo, IL
Contract Type
FINANCIAL_SERVICES
Document Date
May 12, 2026
Renewal Info
Revolving Loan Fund agreement; specific repayment schedule and maturity are in supporting documents.
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