Town of Hardwick Debt Management Policy May 2026
Planned VT Bond Bank Financing for Highway Garage
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Description
The Town plans to finance a future highway garage with a proposed $5,500,000 VT Bond Bank loan closing March 1, 2027 and maturing March 1, 2057. This long-term borrowing would support major public works facility construction.
Contract Details
Contract Amount
$5,500,000
Vendor
VT BOND BANK
Agency
Town of Hardwick, VT
Contract Type
FINANCIAL_SERVICES
Document Date
May 7, 2026
Contract Term
Closing Date 3/1/2027; Final Maturity 3/1/2057
Renewal Date
2057-03-01
Renewal Info
Projected 30-year direct debt issuance; details and final terms will be set at closing.
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