Village of Dane Board of Trustees Meeting Agenda Packet March 2026
Village Refinances and Borrows with DMB Bank
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Description
The Village Board approved Resolution #2026-02 to borrow an additional $500,000 and refinance $408,320 in existing debt from DMB Bank, financing Bert Deans Park capital improvements and the purchase of a wheel loader. The debt action consolidates and expands Village borrowing with DMB Bank.
Contract Details
Contract Amount
$500,000 additional borrowing and refinance of $408,320 existing debt
Vendor
DMB BANK
Agency
Dane village, WI
Contract Type
FINANCIAL_SERVICES
Document Date
March 2, 2026
Renewal Info
Debt terms such as interest rate, maturity, and renewal options are not specified in the minutes; renewals or refinancing would require future Board action.
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