Town of Granby Board of Trustees Agenda Packet 2026-06-09
Additional Bond Principal Payment Planned to UMB
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Description
The Board discussed and confirmed plans for an additional $500,000 principal payment to UMB on the Series 2020 Refunding G.O. Bond for the district, aiming to reduce debt more quickly. UMB serves as fiscal agent for the GEGID bonds, with significant payments scheduled through the end of 2027.
Contract Details
Vendor
UMB
Agency
Town of Granby, MN
Contract Type
FINANCIAL_SERVICES
Document Date
June 9, 2026
Renewal Info
Ongoing fiscal agent services as part of bond issuance; no set expiry. Payment scheduling as determined by district and bond terms.
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