Town Approves $500K Septic Loan Agreement with RI Bank
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Description
Jamestown Town Council authorized a loan agreement with the Rhode Island Infrastructure Bank for the Community Septic Loan Program and approved issuance of a $500,000 note. The financing will support low-interest loans to residents for septic system improvements.
Contract Details
Contract Amount
$500,000
Vendor
RHODE ISLAND INFRASTRUCTURE BANK
Agency
Town of Jamestown, RI
Contract Type
FINANCIAL_SERVICES
Document Date
March 2, 2026
Renewal Info
Resolution authorizes a specific $500,000 loan agreement and note; no renewal or extension terms described in the minutes.
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