Town of Baldwin Annual Town Meeting Minutes April 2026
Town approves construction loan from Pillar Bank
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Description
The Town of Baldwin authorized obtaining a construction loan from Pillar Bank to cover the $762,114 upfront cost of a TRI-funded road project on 90th Ave. until the $530,997 state reimbursement is received. This short-term financing will bridge cash flow needs for the 2027 paving work.
Contract Details
Contract Amount
Up to $762,114 (short-term construction loan)
Vendor
PILLAR BANK
Agency
Town of Baldwin, WI
Contract Type
FINANCIAL_SERVICES
Document Date
April 21, 2026
Contract Term
Until state TRI grant reimbursement of $530,997 is received
Renewal Info
Single-use construction loan tied to 90th Ave. TRI project; term ends upon receipt of state reimbursement; no renewal terms described.
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