woodford-county-finance-committee-agenda-october-15-2025_6ed.pdf
Revolving loan to Chip Energy remains active
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Description
Woodford County continues to service a 15-year revolving loan to Chip Energy, with a remaining balance of $19,935.62 as of September 2025 and final payment due March 1, 2028. The latest payment totaled $690.58, covering both principal and interest.
Contract Details
Vendor
CHIP ENERGY
Agency
Woodford County, IL
Contract Type
FINANCIAL_SERVICES
Document Date
October 15, 2025
Contract Term
15-year loan with final payment due 3/1/2028
Renewal Date
2028-03-01
Renewal Info
Fixed 15-year term revolving loan; no renewal provisions mentioned, with payoff scheduled for 2028-03-01.
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