Archer Lodge FD approves tax exempt loan

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County Commissioners have approved the Archer Lodge Fire Department’s request for a tax-exempt loan of up to $ 200,000.

The department will borrow funds to pay part of the cost of the 2021 Kenworth tanker.

The department has requested applications from Civic Federal Credit Union, First Citizens Bank, KS Bank, and United Community Bank. KS Bank has introduced the lowest rate at a rate of 1.57% per annum in seven years. KS Bank was approved for the loan. The credit union did not respond to the request for proposal.

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