Town of Bear Creek Meeting Minutes April 2026
Bear Creek Approves Equipment Financing Loan
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Description
Bear Creek authorized an $247,200 equipment financing agreement with The Peoples Community Bank for eight years at 5.64% interest. The loan funds the town’s new loader, grapple bucket, and Diamond mower purchases.
Contract Details
Contract Amount
$247,200
Vendor
PEOPLES COMMUNITY BANK
Agency
Town of Bear Creek, IL
Contract Type
FINANCIAL_SERVICES
Document Date
April 15, 2026
Contract Term
8 years at 5.64% interest
Renewal Date
2034-04-15
Renewal Info
Fixed-term loan for 8 years; no renewal or extension options described.
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