Town of Addison Annual Report 2025
Peoples Bank M&T Sand Shed loan in final payment year
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Description
Town of Addison is completing repayment of a $160,000 re-amortized loan at 2.85% per annum with Peoples Bank M&T for the Sand Shed project, with a $32,000 principal payment in 2025.
Contract Details
Contract Amount
Initial Loan $175,000; $160,000 Re-amortization at 2.85% per annum (2020); $32,000 principal payments in FY2025
Vendor
PEOPLES BANK M&T
Agency
Town of Addison, VT
Contract Type
FINANCIAL_SERVICES
Document Date
January 23, 2026
Contract Term
5 Year Amortization (Re-amortization from January 10, 2020)
Renewal Date
2025-12-31
Renewal Info
5-year re-amortization beginning January 10, 2020; final payment in 2025.
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