Public Water Supply District #1 Ralls County Meeting Minutes April 2026
District Approves $600,000 Loan with Royal Bank
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Description
The Board approved a $600,000 loan with Royal Bank to finance the new office and shop project, selecting it as the best financing offer. The loan carries a fixed interest rate for the first five years and includes pre-payment penalty considerations.
Contract Details
Contract Amount
$600,000
Vendor
ROYAL BANK
Agency
Ralls County Public Water Supply District 1, MO
Contract Type
FINANCIAL_SERVICES
Document Date
April 14, 2026
Contract Term
Interest rate fixed for first 5 years; additional terms not specified
Renewal Info
Loan interest rate fixed only for the first 5 years; potential future refinancing with DA Davidson noted.
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APPROVEDIssuing Agency
Ralls County Public Water Supply District 1
Special District
Hannibal, MO
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