Town of Panola Minutes 2026-03-11
Menssen Trust Loan Proposed for Animal Control Facility
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Description
The Finance Committee recommended a resolution to the County Board to accept a proposed 1-year, no-interest $225,000 loan from the Menssen Trust to help fund a $515,000 Animal Control Facility. The arrangement includes recognition of Eric and Jayne Menssen’s contribution and will be subject to legal review by both the State’s Attorney and the Trust’s attorney.
Contract Details
Contract Amount
$225,000 (1-year, no-interest loan)
Vendor
MENSSEN TRUST
Agency
Town of Panola, IL
Contract Type
FINANCIAL_SERVICES
Document Date
March 11, 2026
Contract Term
1-year loan
Renewal Info
Proposed as a 1-year, no-interest loan; no renewal terms were discussed. Final terms will be defined in a forthcoming resolution and contract documents.
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