Town of Eagle Lake Board of Selectmen Meeting Minutes November 19 2025
Town Approves $40,000 Loan from Katahdin Trust
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Description
The Town of Eagle Lake approved a $40,000 three-year loan from Katahdin Trust to fund road paving, at 4.83% interest and annual payments of $14,349.48.
Contract Details
Contract Amount
$40,000 (three-year loan at 4.83%)
Vendor
KATAHDIN TRUST
Agency
Town of Eagle Lake, ME
Contract Type
FINANCIAL_SERVICES
Document Date
November 19, 2025
Contract Term
3 years
Renewal Date
2028-11-19
Renewal Info
Three-year fixed-term loan; no auto-renewal. Loan intended for project-specific funding, no indication of renewal at maturity.
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Town of Eagle Lake Board of Selectmen Meeting Minutes November 19 2025
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