hallowell_custom_budget_report_expense.pdf
Municipal Bond Payments Continue with Gorham Savings Bank
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Description
Hallowell pays $44,625 annually to Gorham Savings Bank as part of a 10-year municipal bond agreement maturing in 2029.
Contract Details
Contract Amount
$44,625/year (payment until 10/2029, variable per year)
Vendor
GORHAM SAVINGS BANK
Agency
City of Hallowell, ME
Contract Type
FINANCIAL_SERVICES
Document Date
July 11, 2024
Contract Term
10-year bond, matures October 2029
Renewal Date
2029-10-01
Renewal Info
Bond matures 10/2029. No renewal; full payoff scheduled at maturity.
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