Village of Ellsworth Council Minutes 2026-05-11
Village Secures Bank Loan for Truck Purchase
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Description
The Village of Ellsworth authorized a $20,000.00, four-year loan from Charlevoix State Bank at 5.4% interest to finance part of a new Chevy Silverado purchase. Monthly payments will be about $467.32.
Contract Details
Contract Amount
$20,000.00
Vendor
CHARLEVOIX STATE BANK
Agency
Ellsworth village, MI
Contract Type
FINANCIAL_SERVICES
Document Date
May 11, 2026
Contract Term
4 years at 5.4% (approx. $467.32 per month)
Renewal Date
2030-05-11
Renewal Info
Four-year fixed-term loan; no renewal terms mentioned.
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Village of Ellsworth Council Minutes 2026-05-11
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