Port Austin Village Council Meeting Minutes June 9 2025
Port Austin DDA Loan Approved with Port Austin State Bank
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Description
The DDA received approval for a $1.5 million, 15-year loan from Port Austin State Bank to finance the 4 Season Farmers Market project. The Council unanimously approved the loan arrangement.
Contract Details
Contract Amount
$1,500,000
Vendor
PORT AUSTIN STATE BANK
Agency
Town of Port Austin, MI
Contract Type
FINANCIAL_SERVICES
Document Date
June 9, 2025
Contract Term
15 years
Renewal Date
2040-06-09
Renewal Info
Standard bank loan; repayment per agreed schedule over 15 years.
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ONGOINGHume Township Minutes 2026-05-18
ONGOINGPort Austin Village Council Meeting Minutes June 9 2025
APPROVEDhume-village-meeting-minutes-2024-07-15_1d7.pdf
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