devils-lake-park-board-audit-report-march-10-2025_d2d.pdf
Park Board Secures $2M USDA Loan for Debt Refunding
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Description
In January 2025, Devils Lake Park Board received a $2,000,000 USDA loan to refund outstanding certificate debt. The 10-year, interest-free loan requires semi-annual payments.
Contract Details
Contract Amount
$2,000,000
Vendor
USDA
Agency
Esmond Rural Fire Protection District, ND
Contract Type
FINANCIAL_SERVICES
Document Date
March 10, 2025
Contract Term
10 years, beginning January 2025
Renewal Date
2035-01-31
Renewal Info
Loan replaces prior Certificate of Indebtedness. No interest, fixed payments. Next review upon final payment in 2035.
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