Town of Morristown Selectboard AgendaPacket 2026-06-15
Union Bank Selected as Sole Provider for Tax Anticipation Loan
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Description
Union Bank was approved as the sole provider of a $2,320,450 tax anticipation loan (July 1, 2026 to June 30, 2027) for the Town of Morristown, featuring a reinvestment option and favorable rates.
Contract Details
Contract Amount
$2,320,450
Vendor
UNION BANK
Agency
Morrisville village, VT
Contract Type
FINANCIAL_SERVICES
Document Date
June 15, 2026
Contract Term
July 1, 2026 – June 30, 2027
Renewal Date
2027-06-30
Renewal Info
Loan matures June 30, 2027. Renewal would require new approval.
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