Village of Mayville Awards $260,000 Loan Contract to Frankenmuth Credit (July 2022)
Village of MayvilleCity · Chautauqua, NY- Disclosed value
- $260,000
- From meeting minutes
- Approved
- Jul 12, 2022
- Term
- 20 Year Amortization, 5 Year Balloon
The 30-second brief
Village of Mayville secured a $260,000 commercial unsecured term loan from Frankenmuth Credit Union with a 20-year amortization and a 5-year balloon payment, at a fixed interest rate of 5.25%. The loan is to purchase real estate for administrative offices.
Frankenmuth Credit holds this loan contract with Village of Mayville. Its other public contracts on record include work for Lakeville Community Schools and Town of Balance of Blumfield.
Term as filed: 20 Year Amortization, 5 Year Balloon.
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Contract details
- Contract type
- Loan
- Amount
- $260,000
- Document date
- July 12, 2022
- Term
- 20 Year Amortization, 5 Year Balloon
- Vendor
- Frankenmuth Credit
- Agency
- Village of Mayville
- Source document
- village-of-mayville-meeting-minutes-2022-07-12_ade.pdf (Meeting Minutes)
Frankenmuth Credit's other public contracts
More Village of Mayville contracts
Questions about this contract
Who was awarded the loan contract by Village of Mayville?
Frankenmuth Credit was awarded this loan contract by Village of Mayville, as recorded on July 12, 2022. The contract value is $260,000.
How much is the Frankenmuth Credit contract with Village of Mayville worth?
The Frankenmuth Credit contract with Village of Mayville is valued at $260,000, covering loan work.
What type of contract is this?
This is a Loan contract, documented as a meeting minutes record.
Where was this contract approved?
This contract appears in village-of-mayville-meeting-minutes-2022-07-12_ade.pdf (Meeting Minutes), dated July 12, 2022 from Village of Mayville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Frankenmuth Credit hold?
Frankenmuth Credit may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Village of Mayville currently buying?
Explore Village of Mayville's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.