Grafton Township may vote to cancel loan for township hall building
GRAFTON TOWNSHIP, Illinois: The Grafton Township board is set to vote on whether to cancel the bank loan that was supposed to be used to fund a new $3.5 million township hall. Township officials said Harris Bank has offered to let the township out of its loan agreement if the township returns the $3.5 million and pays about $141,600 in interest. Cancelling the bank loan would allow the township to stop incurring interest payments while litigation is pending.
|Propositions •||Recall||• Law|