Village of Benton Board Meeting Minutes 2026-04-22
Benton Approves $785,000 Bridge Loan for Center
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Description
The Village of Benton approved a $785,000 construction bridge loan with Conservation First Bank at 4.78% interest to finance community center costs until USDA funds are disbursed. The loan will run for up to 12 months with draw capabilities and monthly interest payments.
Contract Details
Contract Amount
$785,000 construction bridge loan at 4.78% interest
Vendor
CONSERVATION FIRST BANK
Agency
Benton village, WI
Contract Type
FINANCIAL_SERVICES
Document Date
April 22, 2026
Contract Term
No longer than 12 months, with proposed closing April 27, 2026
Renewal Date
2027-04-27
Renewal Info
Single-term construction bridge loan not to exceed 12 months; no renewals mentioned.
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