City of Biddeford City Council Meeting Agenda April 2026
City pays 2009 ARRA direct borrowing to MMBB
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Description
Biddeford continues to repay its 2009 ARRA direct borrowing from MMBB, originally $592,110 at 0.00% interest. FY2027 includes $29,605.50 in principal and $1,480.28 in interest with maturity on April 1, 2029.
Contract Details
Contract Amount
$592,110 original issue; FY2027 payment $29,605.50 principal and $1,480.28 interest
Vendor
MMBB
Agency
Biddeford Housing Authority, ME
Contract Type
FINANCIAL_SERVICES
Document Date
April 28, 2026
Contract Term
June 16, 2009 – April 1, 2029
Renewal Date
2029-04-01
Renewal Info
Direct borrowing note maturing April 1, 2029; no renewal options are noted.
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