Town of Addison Annual Report 2025
Town Completes Five-Year Sand Shed Loan Repayment
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Description
Peoples Bank M&T provided a 5-year loan for the Town's sand shed project, with the final $32,000 principal payment in 2025 completing the loan.
Contract Details
Contract Amount
$175,000 initial loan, re-amortized to $160,000, $32,000 principal/year
Vendor
PEOPLES BANK M&T
Agency
Town of Addison, VT
Contract Type
FINANCIAL_SERVICES
Document Date
January 23, 2026
Contract Term
5 years (re-amortization dated January 10, 2020, ends 2025)
Renewal Date
2025-12-31
Renewal Info
5-year term, concluded by end of 2025.
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