Town of Wendell Board of Commissioners Agenda Packet April 2026
KS Bank Street Resurfacing Loan Remains in Effect
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Description
Wendell maintains an installment financing agreement with KS Bank to fund street resurfacing projects, with a FY 2026 obligation of $119,740 and scheduled repayment through FY 2031. This financing supports ongoing road maintenance and improvements.
Contract Details
Contract Amount
$119,740 FY 2026 obligation
Vendor
KS BANK
Agency
Town of Wendell, NC
Contract Type
FINANCIAL_SERVICES
Document Date
April 27, 2026
Contract Term
Installment financing agreement; final payment FY 2031
Renewal Date
2031-06-30
Renewal Info
Installment financing amortized with final payment scheduled in FY 2031; no renewals anticipated once debt is repaid.
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