Town of Mount Desert Awards $7,645,000 Bond Contract to Katahdin Trust Company (September 2025)
Town of Mount DesertCity · Northeast Harbor, ME- Disclosed value
- $7,645,000
- From minutes
- Approved
- Sep 2, 2025
- Term
- 20 years
The 30-second brief
Town of Mount Desert approved a General Obligation Bond issuance to Katahdin Trust Company for $7,645,000 over 20 years at a fixed interest rate of 5.47%. This is expected to save the town over $150,000.
Katahdin Trust Company holds this bond contract with Town of Mount Desert. Its other public contracts on record include work for Town of Houlton and Town of Easton.
Term as filed: 20 years.
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Contract details
- Contract type
- Bond
- Amount
- $7,645,000
- Document date
- September 2, 2025
- Term
- 20 years
- Vendor
- Katahdin Trust Company
- Agency
- Town of Mount Desert
- Source document
- town-of-mount-desert-selectboard-minutes-september-2-2025_757.pdf (Minutes)
Katahdin Trust Company's other public contracts
More Town of Mount Desert contracts
Questions about this contract
Who was awarded the bond contract by Town of Mount Desert?
Katahdin Trust Company was awarded this bond contract by Town of Mount Desert, as recorded on September 2, 2025. The contract value is $7,645,000.
How much is the Katahdin Trust Company contract with Town of Mount Desert worth?
The Katahdin Trust Company contract with Town of Mount Desert is valued at $7,645,000, covering bond work.
What type of contract is this?
This is a Bond contract, documented as a minutes record.
Where was this contract approved?
This contract appears in town-of-mount-desert-selectboard-minutes-september-2-2025_757.pdf (Minutes), dated September 2, 2025 from Town of Mount Desert. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Katahdin Trust Company hold?
Katahdin Trust Company may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Town of Mount Desert currently buying?
Explore Town of Mount Desert's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.