City of Thorp Regular City Council Meeting Minutes 2026-04-20
City Uses Northwestern Bank Funds for Capital Bridge
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Description
The City of Thorp will temporarily draw $214,126.76 from its unreserved fund at Northwestern Bank, alongside $25,981.74 from equipment reserves, to support capital purchases until General Obligation Note proceeds replenish $140,108.50 of the withdrawal. Northwestern Bank continues to serve as the city’s primary depository for these transactions.
Contract Details
Contract Amount
$214,126.76 (withdrawal), $140,108.50 (to be restored)
Vendor
NORTHWESTERN BANK
Agency
City of Thorp, WI
Contract Type
FINANCIAL_SERVICES
Document Date
April 20, 2026
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