Town of Surf City Regular Meeting Minutes April 2026
Surf City Approves JPMorgan Chase Installment Financing
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Description
The Surf City Town Council approved an installment financing contract with JPMorgan Chase Bank, N.A. to fund phase 2 of the Public Utility Building. The 15‑year loan carries a 3.74% interest rate and will be serviced from the utility account without implementing utility rate changes.
Contract Details
Vendor
JPMORGAN CHASE BANK NA
Agency
City of Surf City town, NC
Contract Type
FINANCIAL_SERVICES
Document Date
April 7, 2026
Contract Term
15 year loan at 3.74% interest
Renewal Info
Single 15-year installment financing contract; no renewal terms mentioned.
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