Town of Hardwick Debt Management Policy May 2026
Union Bank Loan Funds Loader and Grader
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Description
Hardwick entered a $432,000 long-term loan with Union Bank to finance a loader and grader, with $397,400 still outstanding as of June 30, 2025. The equipment loan will mature on September 22, 2033.
Contract Details
Contract Amount
$432,000
Vendor
UNION BANK
Agency
Town of Hardwick, VT
Contract Type
FINANCIAL_SERVICES
Document Date
May 7, 2026
Contract Term
Closing Date 9/22/2023; Final Maturity 9/22/2033
Renewal Date
2033-09-22
Renewal Info
Ten-year equipment financing term ending in 2033; no renewal provisions are noted.
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