Town of Belgrade Board of Selectpersons Meeting Minutes February 2026
Skowhegan Savings Bank Offers Fire Station Loan Proposals
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Description
Skowhegan Savings Bank presented a series of tax-exempt and taxable financing options for the town's $2.1 million fire station loan. Options range from 5.23% to 6.96% interest rates over 20 years. Decision pending.
Contract Details
Contract Amount
$2,100,000 @ 5.23%–6.96% over 20 years (interest: $1,336,224.40–$1,852,186.00)
Vendor
SKOWHEGAN SAVINGS BANK
Agency
Town of Belgrade, ME
Contract Type
FINANCIAL_SERVICES
Document Date
February 17, 2026
Contract Term
20 years (Proposals offered)
Renewal Info
Prepayment penalty applies in years 1-5 for some proposals; board selection to determine exact terms.
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