Lowell Library Board awards contract to C.P. credit union

2013-06-25T00:05:00Z Lowell Library Board awards contract to C.P. credit unionMelanie Csepiga Times Correspondent nwitimes.com
June 25, 2013 12:05 am  • 

LOWELL | The Lowell Public Library Board recently awarded the contract for a tax anticipation warrant in the amount of $831,911 to Tech Credit Union, Crown Point.

The warrants are essentially loans based on expected property tax collections.

Library Director Gene Pidzarko said Tech Credit Union was the lone bidder, even though letters soliciting bids were sent to all local banks and the process was advertised.

"I'm pleased we got such a favorable rate," Pidzarko said of the .685 percent rate.

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