FINANCIAL_SERVICESAMENDED

Central Penn Bank construction loan refinancing underway

Freeburg Municipal Authority is working with Central Penn Bank to modify the terms of its $150,000 construction loan, originally set to end October 5, 2026, with $2,500 monthly repayments beginning January 2025. A resolution approving the refinancing was adopted on April 21, 2026, and loan modification language is being developed.

Status
AMENDED
Document date
August 13, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Central Penn Bank
Agency
Borough of Freeburg · PA

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$150,000.00 (original construction loan), current balance $62,500.00
Contract type
FINANCIAL_SERVICES
Contract term
Loan end date October 5, 2026; repayments began January 2025 at $2,500/month
Renewal date
2026-10-05
Renewal
Construction loan being refinanced and term modified pursuant to an approved April 21, 2026 resolution; details of the new term are being finalized.
Document type
Agenda
Source document
Freeburg Municipal Authority Agenda August 13, 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Borough of Freeburg?

Central Penn Bank was awarded this financial services contract by Borough of Freeburg, as recorded on August 13, 2026. The contract value is $150,000.00 (original construction loan), current balance $62,500.00.

How much is the Central Penn Bank contract with Borough of Freeburg worth?

The Central Penn Bank contract with Borough of Freeburg is valued at $150,000.00 (original construction loan), current balance $62,500.00, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Freeburg Municipal Authority Agenda August 13, 2026 (Agenda), dated August 13, 2026 from Borough of Freeburg. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Central Penn Bank hold?

Central Penn Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Central Penn Bank's profile

What is Borough of Freeburg currently buying?

Explore Borough of Freeburg's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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