City of Carrington Minutes 2026-05-11
Flex PACE Interest Buydown Approved for Cork & Barrel
Trusted by teams at
Description
Preliminary approval was granted for a 7-year Flex PACE interest buydown up to $21,444.43 for Cork & Barrel Properties LLC, supporting local business financing.
Contract Details
Contract Amount
up to $21,444.43 (7-year Flex PACE interest buydown)
Vendor
CORK & BARREL PROPERTIES LLC
Agency
Town of Carrington, ND
Contract Type
FINANCIAL_SERVICES
Document Date
May 11, 2026
Contract Term
7 years (buydown period), plus optional 5 years for repayment
Renewal Date
2033-06-30
Renewal Info
After the 7-year buydown term, community portion is repayable in full (no interest) or amortized over 5 years at 5% interest.
More from Town of Carrington
City of Carrington Minutes 2026-05-11
City of Carrington Minutes 2026-05-11
City of Carrington Minutes 2026-05-11
City of Carrington Minutes 2026-05-11
City of Carrington Minutes 2026-05-11
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.