Status of Capital Improvement Loan With Dime Bank
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Description
The treasurer reported on the town’s capital improvement loan with Dime Bank, originally $1,425,000, with a remaining balance of $462,522.44 and no recent disbursements. The financing supports capital improvement projects across the town.
Contract Details
Contract Amount
$1,425,000
Vendor
DIME BANK
Agency
Town of Deep River, MI
Contract Type
FINANCIAL_SERVICES
Document Date
July 22, 2025
Renewal Info
Existing capital improvement loan remains in repayment with a current balance of $462,522.44; no new drawdowns this month.
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