Unanimous vote approves 180k loan

HAMILTON -  Marion County District 2 Commissioner Kenneth Cochran was given unanimous approval to borrow $180,000 from PeoplesTrust Bank for the purchase of excavating equipment.
Marion County Administrator Kalyn Moore informed the commissioners that the loan will be paid over a 72-month period at $2,700 per month, with an interest rate of 2.42%.

Moore also stated that, although District 2 will acquire the loan funds, the entire county will be required to pay the debt if Cochran’s district is unable.


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