City of Marion Council Meeting Agenda May 2026
Loan with First Southern Bank for Police Vehicles
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Description
The Marion Treasurer's Office has proposed Ordinance 4109 to authorize a loan with First Southern Bank not to exceed $386,770 to finance police vehicles. Council approval would establish the borrowing arrangement for fleet acquisition.
Contract Details
Contract Amount
Not to exceed $386,770
Vendor
FIRST SOUTHERN BANK
Agency
Town of Marion, IL
Contract Type
FINANCIAL_SERVICES
Document Date
May 11, 2026
Renewal Info
Loan terms, including maturity and repayment schedule, are not specified in the agenda and would be defined in the final loan documents.
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