Bar Harbor Bank's $7.64M Bond Bid Denied.
Town of Mount DesertCity · Northeast Harbor, ME- Disclosed value
- $7,645,000
- From minutes
- Document date
- Sep 2, 2025
- Term
- 20 years
The 30-second brief
The Town of Mount Desert denied a resolution authorizing the issuance of a General Obligation Bond to Bar Harbor Bank & Trust for $7,645,000 over 20 years at a fixed interest rate of 5.63%.
Bar Harbor Bank & Trust holds this bond contract with Town of Mount Desert. Its other public contracts on record include work for Town of China and Town of Ryegate.
Term as filed: 20 years.
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Contract details
- Contract type
- Bond
- Amount
- $7,645,000
- Document date
- September 2, 2025
- Term
- 20 years
- Vendor
- Bar Harbor Bank & Trust
- Agency
- Town of Mount Desert
- Source document
- town-of-mount-desert-selectboard-minutes-september-2-2025_757.pdf (Minutes)
Bar Harbor Bank & Trust's other public contracts
More Town of Mount Desert contracts
Questions about this contract
Who was awarded the bond contract by Town of Mount Desert?
Bar Harbor Bank & Trust was awarded this bond contract by Town of Mount Desert, as recorded on September 2, 2025. The contract value is $7,645,000.
How much is the Bar Harbor Bank & Trust contract with Town of Mount Desert worth?
The Bar Harbor Bank & Trust contract with Town of Mount Desert is valued at $7,645,000, covering bond work.
What type of contract is this?
This is a Bond contract, documented as a minutes record.
Where was this contract approved?
This contract appears in town-of-mount-desert-selectboard-minutes-september-2-2025_757.pdf (Minutes), dated September 2, 2025 from Town of Mount Desert. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What is Town of Mount Desert currently buying?
Explore Town of Mount Desert's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.