City of Biddeford City Council Meeting Agenda April 2026
City services 2006 road improvements note with MMBB
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Description
The City of Biddeford continues repayment on its 2006 Road Improvements direct borrowing from MMBB, originally $4,000,000 at 1.9–6% interest. FY2027 includes a $200,000 principal payment ahead of the November 1, 2026 maturity.
Contract Details
Contract Amount
$4,000,000 original issue; FY2027 payment $200,000 principal
Vendor
MMBB
Agency
Biddeford Housing Authority, ME
Contract Type
FINANCIAL_SERVICES
Document Date
April 28, 2026
Contract Term
May 25, 2006 – November 1, 2026
Renewal Date
2026-11-01
Renewal Info
Direct borrowing note maturing November 1, 2026; no renewal details provided.
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