Silverdale Borough Council Meeting Minutes February 2026
Borough Pursues $400K Penn Community Loan For Baringer
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Description
Silverdale Borough is exploring a $400,000 loan from Penn Community to finance the Baringer Avenue project, including grant matching funds and anticipated overages. Loan officer Trever Harrison is preparing the application with a proposed 9‑month interest-only period and 5‑year payoff option.
Contract Details
Contract Amount
$400,000.00 (proposed)
Vendor
PENN COMMUNITY
Agency
Borough of Silverdale, PA
Contract Type
FINANCIAL_SERVICES
Document Date
February 2, 2026
Contract Term
Proposed 9-month interest-only period with option of 5-year payoff
Renewal Info
Prospective loan structure includes an initial interest-only phase followed by a 5-year repayment period; no renewal options mentioned.
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