Judicial center mortgage paid off 10 years early
The Ogle County Board held an old-fashioned mortgage-burning Tuesday night with a new-fangled twist.
"You can't really burn anything indoors anymore so we've got a shredder," board chairman Kim Gouker said with a grin as he waved a fistful of documents for the financing of the Ogle County Judicial Center.
The board agreed in November to pay off the $10.3 million debt remaining on the judicial center 10 years early, saving the county an estimated $2.7 million in interest.
Story Archived
Only the most recent 14 days of articles are available for free. For articles older than 14 days there is a small fee for retrieval from our archive. If you are a registered member of the site, the content is free just by signing in below.
Please sign in with your Comment Member ID and password.
Purchase Access
To allow for flexibility, we offer a variety of options for purchasing articles:
Having trouble?
If you have any technical difficulties, either with your username and password or with the payment options, please contact us by e-mail at archivedesk@shawmedia.com
