Richland Village Council Minutes 2026-05-11
Status of Huntington Bank loan for D Avenue repaving
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Description
The Village of Richland reported an outstanding balance of $46,179.37 on its Huntington Bank installment loan for the D Avenue repaving project, with three annual payments remaining. Council took no new action but noted the ongoing financial obligation under this loan.
Contract Details
Contract Amount
$46,179.37 remaining balance (three annual payments left)
Vendor
HUNTINGTON BANK
Agency
Richland village, MI
Contract Type
FINANCIAL_SERVICES
Document Date
May 11, 2026
Contract Term
Installment loan for repaving D Avenue; three annual payments remaining as of May 11, 2026
Renewal Info
Existing installment loan with three remaining annual payments; no renewal or amendment discussed.
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