Village of Sebewaing Council Meeting Minutes March 16 2026
Sebewaing Secures Thumb Bank Loan for Vactor Truck
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Description
The Village of Sebewaing approved a $215,670.00 loan from Thumb Bank & Trust at a fixed 4.8% interest rate, to be repaid within five years, for the purchase of a Vactor truck. The borrowing is authorized under Resolution #05-2025-2026.
Contract Details
Contract Amount
$215,670.00 at 4.8% interest
Vendor
THUMB BANK & TRUST
Agency
Town of Sebewaing, MI
Contract Type
FINANCIAL_SERVICES
Document Date
March 16, 2026
Contract Term
To be paid back within 5 years
Renewal Info
Five-year fixed-rate loan; no renewal terms mentioned, repayment expected within 5 years of origination.
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