Fire District Inks New Banking Agreement with Old Plank Trail
June 15, 2025/Comments Off on Fire District Inks New Banking Agreement with Old Plank Trail
The Mokena Fire Protection District Board of Trustees has approved a new two-year banking agreement with Old Plank Trail, a move aimed at securing favorable rates amid a volatile market. The board voted unanimously in favor of the new contract at its June 10 meeting.
The district’s current agreement was set to expire next month. According to Fire Chief Joe Cirelli, the new terms are very similar to the expiring ones, providing continuity for the district’s financial operations.
Under the new agreement, the administration fee will see a slight increase from 0.11% to 0.14%. However, the district’s Earning Credit Rate—which can offset banking fees—is locked in at 0.50% through July of 2026. Chief Cirelli told the board this was a positive outcome.
“With the current rate volatility, this is good,” Cirelli stated in his recommendation to approve the agreement.
The new contract will run from August 1, 2025, through July 31, 2027. The motion to approve the agreement, made by Trustee Craig Warning and seconded by Trustee Dennis Burkhardt, passed with a unanimous roll call vote.
Latest News Stories
Lockport Township Solar Farm Gains Committee Approval
The Will County Land Use and Development Committee on Thursday approved a special use permit for a 25-acre commercial solar energy facility in Lockport Township. The project, proposed by Daniel...
Health Department Plans Back-to-School Fair July 12
The Will County Health Department will host a Back-to-School Health Fair Saturday, July 12, from 10 a.m. to 2 p.m. at the Community Health Center, 1106 Neal Ave., Joliet. The...
Meeting Briefs: Will County Land Use & Development Committee for July 3, 2025
Green Garden Township Rezoning for Future Subdivision ApprovedThe committee recommended approval of a map amendment for an 81-acre property on South 88th Avenue in Green Garden Township. The applicant, represented...
Will County Public Health & Safety Committee July 3 Meeting Briefs
Grain Dust Complaint Prompts Investigation: Will County resident Tracy Henning of unincorporated Peotone addressed the committee about health problems she attributes to grain dust from a neighboring facility. Henning, who...
Will County Seeks Asian Carp Provision in Federal Legislative Agenda
Will County Board member Julie Berkowicz is pushing to add specific language addressing Asian carp invasion to the county's federal legislative agenda, citing the ongoing threat to local waterways as...
State Legislative Session Update: Transit, Energy Bills Stall Despite Democratic Control
Illinois lawmakers failed to advance major transit funding and comprehensive energy legislation during the recently concluded spring session, leaving key issues unresolved despite Democratic supermajorities in both chambers, according to...
Will County’s Major Capital Projects Hit Key Milestones, VAC Buildout on “Aggressive Schedule”
Will County is making significant headway on several major capital improvement projects, with the new Veterans Assistance Commission (VAC) & Support Center in Joliet on an “aggressive schedule” for a...
County Board Approves 2026-2031 Transportation Plan Despite Project Opposition
Will County board members approved a contested five-year transportation improvement plan Tuesday after heated debate over a controversial Homer Glen road project that has drawn sustained community opposition. The Will...
Contentious I-3 Rezoning for DuPage Township Storage Yard Narrowly Advances
A proposal to rezone a 20-acre parcel in DuPage Township from agricultural to the county's most intensive industrial classification narrowly earned a recommendation for approval from the Will County Planning...
Will County Legislative Committee July 1 Meeting Briefs
Federal Budget Impact: Will County could face significant funding challenges if federal budget reconciliation measures reduce Medicaid and SNAP benefits. The county health department and social services rely heavily on...
County Moves Forward with $200.8 Million Bond Refinancing Plan
Will County Finance Committee members on July 1 approved moving forward with a comprehensive bond refinancing ordinance that could save taxpayers more than $716,000 over the life of the bonds...
Access Will County Dial-a-Ride Program Sees Record Growth, Eyes Expansion
Will County's dial-a-ride transportation service for seniors and disabled residents reached record ridership levels while officials plan major expansion to cover all county townships. The Access Will County program served...
Will County to Launch New Public Meeting Agenda System in August Amidst Data Conversion Concerns
Will County is set to launch its new public meeting agenda and records software, Granicus “OneMeeting,” in August, but the transition will see over a decade of historical records converted...
Green Garden Township Poised for First Major Subdivision in Years After Rezoning
The Will County Planning and Zoning Commission has recommended a rezoning that could pave the way for the first major residential subdivision in Green Garden Township in nearly two decades....
County RNG Facility Shows Strong Performance Despite Solar Challenges
Will County's Renewable Natural Gas facility is exceeding production targets while officials explore options to reduce substantial electricity costs that currently impact profitability. Project manager Greg Komperda told Finance Committee...