East Hardwick Fire District Monthly Meeting Minutes Nov 2025
East Hardwick Approves $100K Financing Agreement with NVDA
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Description
East Hardwick Fire District approved up to $100,000 in project financing for the old library demolition and remediation, with Northeastern Vermont Development Association facilitating the loan through their Revolving Loan Fund. Half is a forgivable loan, and half is a five-year zero-interest loan.
Contract Details
Contract Amount
Up to $50,000 (forgivable loan) and up to $50,000 (zero-interest loan); total up to $100,000
Vendor
NORTHEASTERN VERMONT DEVELOPMENT ASSOCIATION
Agency
East Hardwick Fire District, VT
Contract Type
FINANCIAL_SERVICES
Document Date
November 12, 2025
Contract Term
Five years (zero-interest loan portion)
Renewal Date
2030-11-12
Renewal Info
Zero-interest portion repaid over five years; forgivable loan portion does not renew. No auto-renewal or extension mentioned.
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