City of Greenbrier AgendaPacket Regular Meeting 2026-06-01
$3 Million Water System Bond Issuance Approved
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Description
Greenbrier authorized issuance and sale of Series 2026 Water System Revenue and Tax Capital Outlay Notes through the Tennessee Municipal Bond Fund for up to $3 million. The 12-year financing at up to 4% interest covers AMR meters and associated project costs.
Contract Details
Contract Amount
Not to exceed $3,000,000 (total debt service $3,810,420.80)
Vendor
TENNESSEE MUNICIPAL BOND FUND
Agency
Town of Greenbrier, TN
Contract Type
FINANCIAL_SERVICES
Document Date
June 1, 2026
Contract Term
June 25, 2026 – June 1, 2038 (12 years)
Renewal Date
2038-06-01
Renewal Info
Term loan with final maturity June 1, 2038; no automatic renewals; principal and interest payable on schedule set by the bond fund.
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