Woodford County Finance Committee Agenda Packet May 2026
Chip Energy Revolving Loan Remains In Repayment
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Description
Woodford County continues to service a 15-year revolving loan with Chip Energy, showing an April 2026 principal balance of $15,416.61 and regular monthly payments. The loan is scheduled to be fully repaid by March 1, 2028.
Contract Details
Contract Amount
Original 15-year loan; current principal balance $15,416.61
Vendor
CHIP ENERGY
Agency
Woodford County, IL
Contract Type
FINANCIAL_SERVICES
Document Date
May 13, 2026
Contract Term
15-year loan, final payment due 3/1/2028
Renewal Date
2028-03-01
Renewal Info
This is a fixed 15-year loan with a final scheduled payment on 2028-03-01; no renewal terms are indicated.
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