Water Precinct Approves $4M Construction Loan with Franklin Savings Bank
Penacook Boscawen Water PrecinctUtility District · Boscawen, NH- Disclosed value
- $4,000,000 (maximum)
- From minutes
- Document date
- May 13, 2026
- Renews
- Free account
The 30-second brief
The Penacook/Boscawen Water Precinct authorized the Chair to sign an application with Franklin Savings Bank for up to $4 million in construction loan financing for the Chandler Street Project. This loan will be interim financing pending final USDA loan conversion. The board discussed payment terms, interest rates, and contingencies.
Franklin Savings Bank holds this financial services contract with Penacook Boscawen Water Precinct. Its other public contracts on record include work for Township of Franklin and Town of Boscawen.
The renewal date is on record. A free account shows it, with the renewals for every Penacook Boscawen Water Precinct contract.
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Contract details
- Contract type
- Financial Services
- Amount
- $4,000,000 (maximum)
- Document date
- May 13, 2026
- Term
- 30 years fixed, interest only during construction loan (2 years), then USDA loan for remaining term
- Renews
- Free account
- Vendor
- Franklin Savings Bank
- Source document
- Penacook/Boscawen Water Precinct Minutes 2026-05-13 (Minutes)
Franklin Savings Bank's other public contracts
More Penacook Boscawen Water Precinct contracts
Questions about this contract
Who was awarded the financial services contract by Penacook Boscawen Water Precinct?
Franklin Savings Bank was awarded this financial services contract by Penacook Boscawen Water Precinct, as recorded on May 13, 2026. The contract value is $4,000,000 (maximum).
How much is the Franklin Savings Bank contract with Penacook Boscawen Water Precinct worth?
The Franklin Savings Bank contract with Penacook Boscawen Water Precinct is valued at $4,000,000 (maximum), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Penacook/Boscawen Water Precinct Minutes 2026-05-13 (Minutes), dated May 13, 2026 from Penacook Boscawen Water Precinct. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Franklin Savings Bank hold?
Franklin Savings Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Penacook Boscawen Water Precinct currently buying?
Explore Penacook Boscawen Water Precinct's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.