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FINANCIAL_SERVICESAPPROVED

County of Carroll Board of Commissioners Meeting Minutes 2026-05-04

County Approves $17M TAN With Bank of NH

$17,000,000 TAN line of credit (2026); Non-Taxable Portion $13,624,660 at 4.875%; Taxable Portion $3,375,340 at 6.25%Carroll CountyBANK OF NEW HAMPSHIREMay 4, 2026

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Description

Carroll County Commissioners approved a 2026 Tax Anticipation Note line of credit with Bank of New Hampshire totaling $17 million, with non-taxable and taxable portions at 4.875% and 6.25% respectively. The Board and Treasurer were authorized to execute all related financing documents and act as paying agent.

Contract Details

Contract Amount

$17,000,000 TAN line of credit (2026); Non-Taxable Portion $13,624,660 at 4.875%; Taxable Portion $3,375,340 at 6.25%

Vendor

BANK OF NEW HAMPSHIRE

Agency

Carroll County, NH

Contract Type

FINANCIAL_SERVICES

Document Date

May 4, 2026

Contract Term

2026 Tax Anticipation Note line of credit (Series A and B)

Renewal Date

2026-12-31

Renewal Info

Annual tax anticipation note borrowing; 2026 line of credit approved with specified Series A and B terms.

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