Filer Highway District Meeting Minutes March 2026
District Approves 5-Year Chipper Loan with 1st Federal
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Description
Filer Highway District approved a 5-year, $461,266 loan with 1st Federal Bank to finance the purchase of a new chipper. The loan carries a 4.53% fixed rate with the first payment due February 15, 2027 and no pre-payment penalty.
Contract Details
Contract Amount
$461,266
Vendor
1ST FEDERAL BANK
Agency
Filer Highway District, ID
Contract Type
FINANCIAL_SERVICES
Document Date
March 10, 2026
Contract Term
5 years, first payment February 15, 2027
Renewal Date
2032-02-15
Renewal Info
5-year fixed-rate loan; no pre-payment penalty for extra payments.
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