City of Biddeford City Council Meeting Agenda April 2026
City pays 2013 roof replacement bond to Bank of NY
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Description
Biddeford continues to service its 2013 Roof Replacement general obligation bond with Bank of NY, originally issued for $470,000 at 2.00% interest. FY2027 debt service includes $25,000 in principal and $3,190.63 in interest, with maturity on May 1, 2022.
Contract Details
Contract Amount
$470,000 original issue; FY2027 payment $25,000 principal and $3,190.63 interest
Vendor
BANK OF NY
Agency
Biddeford Housing Authority, ME
Contract Type
FINANCIAL_SERVICES
Document Date
April 28, 2026
Contract Term
February 14, 2013 – May 1, 2022
Renewal Date
2022-05-01
Renewal Info
Fixed-term general obligation bond, no renewal terms indicated; scheduled to mature May 1, 2022.
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