Laketown Township Agenda Board of Supervisors Meeting 2026-05-11
Township Prepays 2025A Bonds via Security Bank
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Description
Laketown Township approved a disbursement of $804,000.00 to Security Bank to prepay $800,000.00 of its 2025A Bonds plus a $4,000.00 prepayment penalty. The transaction is expected to save the township $80,000.00 in interest costs.
Contract Details
Contract Amount
$804,000.00 (including $4,000.00 prepayment penalty)
Vendor
SECURITY BANK
Agency
Town of Laketown, MN
Contract Type
FINANCIAL_SERVICES
Document Date
May 11, 2026
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