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town-of-deep-river-board-of-finance-minutes-ladder-truck-repair-payloader-purchase-jul-22-2025_5df.pdf

Status of Capital Improvement Loan With Dime Bank

$1,425,000Town of Deep RiverDIME BANKJuly 22, 2025

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

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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