Village of Elk Rapids Agenda 2026-06-16
Library Issues $213k Bond Payment to Huntington Bank
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Description
The Elk Rapids District Library is making its scheduled $213,596.60 bond payment to Huntington Bank, as part of annual debt service. An additional $67,320.00 interest payment will be made in October to fulfill this year's bond obligations.
Contract Details
Contract Amount
$213,596.60 (principal and interest), $67,320.00 (interest, due end of October 2026)
Vendor
HUNTINGTON BANK
Agency
Elk Rapids Housing Commission, MI
Contract Type
FINANCIAL_SERVICES
Document Date
June 16, 2026
Contract Term
2026 fiscal year (two payments annually)
Renewal Date
2026-10-31
Renewal Info
Bond payments recur semiannually as per loan agreement; next scheduled payment due at the end of October 2026 for interest only.
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Village of Elk Rapids Agenda 2026-06-16
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