Township of Robinson Regular Meeting Agenda May 2026
Township Considers GON Rate Adjustment with FNB
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Description
Robinson Township will consider approving an interest rate adjustment with First National Bank on its 2024 $6,100,000 General Obligation Note, setting a seven-year fixed interest rate of 4.26%. The action would modify existing debt terms to lock in a fixed rate.
Contract Details
Contract Amount
$6,100,000 principal at 4.26% fixed for seven years
Vendor
FIRST NATIONAL BANK
Agency
Town of Robinson, PA
Contract Type
FINANCIAL_SERVICES
Document Date
May 4, 2026
Contract Term
Seven-year fixed rate of 4.26% on the 2024 GON
Renewal Date
2033-12-31
Renewal Info
This is an interest rate adjustment on an existing 2024 General Obligation Note; no recurring renewal terms are specified.
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