Town continues USDA Town Hall loan payments | Town of Spencer | USDA

Scope & details

The full contract record, as filed.

Contract amount

$2.8 million (original principal); $128,398 annual debt service

Contract type

FINANCIAL_SERVICES

Contract term

30 years (2022–2053)

Renewal date

2053-06-30

Renewal

Fixed 30-year loan; no renewal but amortization continues through 2053 unless refinanced or prepaid.

Document type

Budget

Source document

Town of Spencer FY 2026-27 Budget

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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 Spencer?

USDA was awarded this financial services contract by Town of Spencer, as recorded on June 9, 2026. The contract value is $2.8 million (original principal); $128,398 annual debt service.

How much is the USDA contract with Town of Spencer worth?

The USDA contract with Town of Spencer is valued at $2.8 million (original principal); $128,398 annual debt service, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Town of Spencer FY 2026-27 Budget (Budget), dated June 9, 2026 from Town of Spencer. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does USDA hold?

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

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What is Town of Spencer currently buying?

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

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