Town of Raymore Minutes Special Meeting 2026-03-20
Raymore approves arena financing with local credit union
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Description
The Town of Raymore Council approved using up to $1,000,000 from reserve accounts at Raymore Credit Union and authorized an additional $750,000, 10-year loan at 3% interest with $88,000 annual payments to fund arena upgrades. This financing package supports the Raymore Arena renovation project through a combination of reserves and long-term debt.
Contract Details
Contract Amount
Up to $1,000,000 from reserves plus $750,000 loan at 3% interest (annual payment $88,000)
Vendor
RAYMORE CREDIT UNION
Agency
Town of Raymore, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
March 20, 2026
Contract Term
10-year term for the $750,000 loan
Renewal Date
2036-03-20
Renewal Info
10-year fixed-term loan; no renewal or extension terms are specified in the minutes.
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