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Village to apply for State Trust Fund loans

Feb. 15, 2012

River Hills will apply for two State Trust Fund loans. The first loan for $405,598 would refinance an existing unfunded pension liability trust fund loan, reducing the interest rate from 5.25 percent to 3.5 percent. The second loan for $575,689 at 3 percent interest would finance capital program in the village for 2012. The Village Board approved the applications tonight.

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