FINANCIAL_SERVICESAMENDED

Authority Approves Refinance of Central Penn Loan

The Freeburg Municipal Authority approved Resolution 2026-2 to refinance Loan #411180044 with Central Penn Bank & Trust, with the bank agreeing to modify the loan term closer to the April 1, 2027 end date. The Authority currently carries a $70,000 line of credit balance and is paying $2,500 per month in principal plus interest.

Status
AMENDED
Document date
June 11, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Central Penn Bank & Trust
Agency
Borough of Freeburg · PA

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$70,000.00 (current outstanding line of credit balance); loan #411180044 principal with refinance terms TBD
Contract type
FINANCIAL_SERVICES
Contract term
Construction loan through April 1, 2027; refinance term to be modified closer to end date
Renewal date
2027-04-01
Renewal
Loan #411180044 is scheduled to end April 1, 2027; the bank and Authority will finalize modified terms closer to that date as part of the refinance.
Document type
Minutes
Source document
Freeburg Municipal Authority Minutes June 11, 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Borough of Freeburg?

Central Penn Bank & Trust was awarded this financial services contract by Borough of Freeburg, as recorded on June 11, 2026. The contract value is $70,000.00 (current outstanding line of credit balance); loan #411180044 principal with refinance terms TBD.

How much is the Central Penn Bank & Trust contract with Borough of Freeburg worth?

The Central Penn Bank & Trust contract with Borough of Freeburg is valued at $70,000.00 (current outstanding line of credit balance); loan #411180044 principal with refinance terms TBD, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Freeburg Municipal Authority Minutes June 11, 2026 (Minutes), dated June 11, 2026 from Borough of Freeburg. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Central Penn Bank & Trust hold?

Central Penn Bank & Trust may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Central Penn Bank & Trust's profile

What is Borough of Freeburg currently buying?

Explore Borough of Freeburg's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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