The village of Forestville continues to whittle away its debt as the local government gets its financial house in order. The Village Board last night approved a measure to redeem the tax anticipation note owed to Evans Bank for the remainder of the $250,000 building demolition debt. According to a story in the Observer, a total of $194,000 was authorized to go toward the principal and interest of loan. The village is saving on interest by paying off the loan seven months before the due date. Village officials expect the litigation associated with the debt to be dropped as a result of the action.
