Madison County Industrial Development Authority Agenda 2026-06-01
$4.16M Bond Financing Awarded to Webster Bank
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Description
Madison County IDA approved the award of a $4.16 million bond financing to Webster Bank at 3.73% interest, supporting infrastructure projects and vehicle purchases.
Contract Details
Contract Amount
$4,160,000
Vendor
WEBSTER BANK
Agency
Madison County, VA
Contract Type
FINANCIAL_SERVICES
Document Date
June 1, 2026
Contract Term
Can be refinanced in three years
Renewal Date
2028-09-03
Renewal Info
Bond is callable and can be refinanced after three years.
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