Des Moines County Board of Supervisors Minutes 2026-06-16
County Approves $1.139M Tax-Exempt Loan Agreement
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Description
The Des Moines County Board of Supervisors approved a Series 2026A Loan Agreement with Danville State Savings Bank for a $1,139,000 tax-exempt General Obligation County Purpose Note at 6.25% interest to fund multiple capital projects. The note will be dated around June 30, 2026 and will mature on June 30, 2027.
Contract Details
Contract Amount
$1,139,000
Vendor
DANVILLE STATE SAVINGS BANK
Agency
Des Moines County, IA
Contract Type
FINANCIAL_SERVICES
Document Date
June 16, 2026
Contract Term
Dated on or about June 30, 2026, with final maturity on June 30, 2027
Renewal Date
2027-06-30
Renewal Info
Single-term note with final maturity on June 30, 2027; no renewals described.
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