Town of Hardwick Debt Management Policy May 2026
Mackville Road Improvement Loan with VT Bond Bank
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Description
The Town uses a $300,000 VT Bond Bank loan to finance Mackville Road improvements, with $165,000 outstanding as of June 30, 2025 and final maturity on November 1, 2035. This borrowing supports critical roadway infrastructure upgrades.
Contract Details
Contract Amount
$300,000
Vendor
VT BOND BANK
Agency
Town of Hardwick, VT
Contract Type
FINANCIAL_SERVICES
Document Date
May 7, 2026
Contract Term
Closing Date 8/1/2015; Final Maturity 11/1/2035
Renewal Date
2035-11-01
Renewal Info
Fixed-term infrastructure loan maturing in 2035; any extension would require new financing.
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