city-of-essex-budget-2025-06-30_1bd.pdf
FY2025 Sewer Loan Note Payment Scheduled
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Description
The City of Essex will pay $21,660 in FY2025 on its Series 2012 Sewer Capital Loan Notes, which finance prior sewer system upgrades.
Contract Details
Contract Amount
$235,000 (original issue), $21,660 due FY2025 ($20,000 principal, $1,160 interest, $500 agent fees)
Vendor
SEWER CAPITAL LOAN NOTES SERIES 2012
Agency
City of Essex, IA
Contract Type
FINANCIAL_SERVICES
Document Date
June 30, 2025
Contract Term
Series 2012; ongoing annual payments until maturity
Renewal Date
2025-06-30
Renewal Info
Amortization continues annually until loan maturity, per debt service schedule; not subject to renewal.
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