Town of Hardwick Debt Management Policy May 2026
State Revolving Loan Funds Water Meter Project
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Description
The Town's water enterprise fund utilizes a $1,647,099 State Rev Loan Fund financing to install water meters, with $727,771 outstanding as of June 30, 2025. The loan is scheduled to mature on June 1, 2047.
Contract Details
Contract Amount
$1,647,099
Vendor
STATE REV LOAN FUND
Agency
Town of Hardwick, VT
Contract Type
FINANCIAL_SERVICES
Document Date
May 7, 2026
Contract Term
Closing Date 6/1/2018; Final Maturity 6/1/2047
Renewal Date
2047-06-01
Renewal Info
Long-term state revolving loan maturing in 2047; standard amortizing structure with no stated renewal clause.
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