FINANCIAL_SERVICESAPPROVED

Town of Merrimack Awards $1,425,000 Financial Services Contract to New Hampshire Municipal Bond Bank (June 2026)

The Town of Merrimack approved a $1,425,000 loan and bond sale to the New Hampshire Municipal Bond Bank to finance a real estate purchase, with annual principal payments of $285,000 from 2027 to 2031 at an interest cost rate not exceeding 4.25%. The Loan Agreement dated July 15, 2026 also updates payment procedures on existing loans and imposes ongoing financial reporting and tax compliance obligations on the Town.

Status
APPROVED
Document date
June 16, 2026
Contract type
FINANCIAL_SERVICES
Vendor
New Hampshire Municipal Bond Bank
Agency
Town of Merrimack · NH

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$1,425,000
Contract type
FINANCIAL_SERVICES
Contract term
5 year level principal; maturity dates 8/15/2027, 8/15/2028, 8/15/2029, 8/15/2030, 8/15/2031
Renewal date
2031-08-15
Renewal
Single 5‑year bond term with level annual principal payments; no early redemption or resale by either party prior to maturity except under specified conditions. Prior loan agreements between the Town and the Bank are amended only as to payment timing and method, not extended or renewed beyond their existing terms.
Document type
Agreement
Source document
Town of Merrimack Agreement New Hampshire Municipal Bond Bank Loan Agreement 2026-07-15

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Merrimack?

New Hampshire Municipal Bond Bank was awarded this financial services contract by Town of Merrimack, as recorded on June 16, 2026. The contract value is $1,425,000.

How much is the New Hampshire Municipal Bond Bank contract with Town of Merrimack worth?

The New Hampshire Municipal Bond Bank contract with Town of Merrimack is valued at $1,425,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agreement record.

Where was this contract approved?

This contract appears in Town of Merrimack Agreement New Hampshire Municipal Bond Bank Loan Agreement 2026-07-15 (Agreement), dated June 16, 2026 from Town of Merrimack. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does New Hampshire Municipal Bond Bank hold?

New Hampshire Municipal Bond Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View New Hampshire Municipal Bond Bank's profile

What is Town of Merrimack currently buying?

Explore Town of Merrimack's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Town of Merrimack's profile

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