City of Biddeford City Council Meeting Agenda April 2026
Wastewater fund services 2011 CWSRLF note with MMBB
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Description
Biddeford’s Wastewater fund continues servicing its 2011 CWSRLF direct borrowing from MMBB, originally $1,300,000 at 0–1% interest. FY2027 payments total $14,000.00 in principal and $1,802.50 in interest ahead of the October 1, 2030 maturity.
Contract Details
Contract Amount
$1,300,000 original issue; FY2027 payment $14,000.00 principal and $1,802.50 interest
Vendor
MMBB
Agency
Biddeford Housing Authority, ME
Contract Type
FINANCIAL_SERVICES
Document Date
April 28, 2026
Contract Term
December 1, 2010 – October 1, 2030
Renewal Date
2030-10-01
Renewal Info
Direct borrowing note maturing October 1, 2030; no renewal options are specified.
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