Library retires Midland Bank expansion mortgage
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Description
The Bourbonnais Public Library District fully paid off its mortgage with Midland Bank on March 15, 2023. The loan had funded the 2005–06 expansion and renovation and its payoff eliminates more than $108,000 in annual expenses.
Contract Details
Vendor
MIDLAND BANK
Agency
Bourbonnais Public Library District, IL
Contract Type
FINANCIAL_SERVICES
Document Date
November 17, 2025
Contract Term
Mortgage originated for 2005–2006 expansion and renovation; paid off March 15, 2023
Renewal Date
2023-03-15
Renewal Info
Mortgage obligation concluded with full payoff on March 15, 2023; no further renewals or payments required.
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