Village of North Collins AgendaPacket Board Meeting 2026-05-18
Community Bank offers BAN for snow plow purchase
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Description
The Village of North Collins is considering a one-year Bond Anticipation Note from Community Bank for $112,342.80 at 4.99% interest to finance a snow plow package. The proposal remains open through June 12, 2026 and is contingent on bond counsel approval and financial underwriting.
Contract Details
Contract Amount
$112,342.80 at 4.99% interest
Vendor
COMMUNITY BANK
Agency
Village of North Collins, NY
Contract Type
FINANCIAL_SERVICES
Document Date
May 18, 2026
Contract Term
Bond Anticipation Note, 1 year from issue date
Renewal Info
Single one-year Bond Anticipation Note; no renewal terms stated. Proposal open for acceptance until 2026-06-12 and may be rescinded if closing occurs after June 26, 2026 without a new rate.
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