Town of Houlton Council Meeting Agenda Packet April 2026
Katahdin Trust Wins $1.7M TAN Financing Bid
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Description
The Town of Houlton Council accepted Katahdin Trust Company’s bid for a $1,715,000 Tax Anticipation Note at 3.98% interest, to be used on an as-needed basis. The Interim Town Manager is authorized to sign all borrowing documents with the bank.
Contract Details
Contract Amount
$1,715,000 at an interest of 3.98%
Vendor
KATAHDIN TRUST COMPANY
Agency
Town of Houlton, ME
Contract Type
FINANCIAL_SERVICES
Document Date
April 13, 2026
Contract Term
On an as needed basis for the fiscal year (TAN)
Renewal Info
Short-term tax anticipation note for the current fiscal period; no renewal terms specified.
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