FINANCIAL_SERVICESAMENDED

Authority Refinances Construction Loan With Central Penn Bank

The Freeburg Municipal Authority is modifying its $150,000 construction loan with Central Penn Bank, which carries a current balance of $65,000 and monthly payments of $2,500 through October 5, 2026. Central Penn Bank is preparing refinancing and modification language following an April 21, 2026 resolution.

Status
AMENDED
Document date
July 16, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Central Penn Bank
Agency
Borough of Freeburg · PA

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$150,000.00 (construction loan; current balance $65,000.00)
Contract type
FINANCIAL_SERVICES
Contract term
Repayments begun January 2025 at $2,500/month; loan end date October 5, 2026
Renewal date
2026-10-05
Renewal
Construction loan originally totaling $150,000 with scheduled end date October 5, 2026; Authority approved a resolution on April 21, 2026 to refinance and is negotiating modified terms with Central Penn Bank.
Document type
Agenda
Source document
Freeburg Municipal Authority Agenda 2026-07-16

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Borough of Freeburg?

Central Penn Bank was awarded this financial services contract by Borough of Freeburg, as recorded on July 16, 2026. The contract value is $150,000.00 (construction loan; current balance $65,000.00).

How much is the Central Penn Bank contract with Borough of Freeburg worth?

The Central Penn Bank contract with Borough of Freeburg is valued at $150,000.00 (construction loan; current balance $65,000.00), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Freeburg Municipal Authority Agenda 2026-07-16 (Agenda), dated July 16, 2026 from Borough of Freeburg. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Central Penn Bank hold?

Central Penn 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.

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What is Borough of Freeburg currently buying?

Explore Borough of Freeburg's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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