Fair Grove Authorizes $1M Bond with Commerce Bank
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Description
City of Fair Grove approves a $1,000,000 bond with Commerce Bank to finance improvements. Bonds run from 2026 to 2040 with a 4.21% annual interest rate and the City aims to transfer money from the project fund into debt service to speed up payment.
Contract Details
Contract Amount
$1,000,000
Vendor
COMMERCE BANK
Agency
City of Fair Grove, MO
Contract Type
Bond
Document Date
September 9, 2025
Contract Term
2026 to 2040
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