City of Biddeford City Council Meeting Agenda April 2026
City pays CSO CWSRF note to MMBB
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Description
The City of Biddeford continues debt service on its CSO CWSRF projects direct borrowing from MMBB, originally $288,000 at 1.00% interest. FY2027 includes $14,400.00 in principal and $1,702.80 in interest, with maturity on January 1, 2032.
Contract Details
Contract Amount
$288,000 original issue; FY2027 payment $14,400.00 principal and $1,702.80 interest
Vendor
MMBB
Agency
Biddeford Housing Authority, ME
Contract Type
FINANCIAL_SERVICES
Document Date
April 28, 2026
Contract Term
November 2, 2012 – January 1, 2032
Renewal Date
2032-01-01
Renewal Info
Direct borrowing CWSRF-related note maturing January 1, 2032; no renewal options listed.
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