Village of Manorhaven Board of Trustees Work Session Agenda April 2026
Village Approves Flagstar Bank Loan for Sweeper
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Description
The Village of Manorhaven Board of Trustees approved a $304,801 loan agreement with Flagstar Bank at 4.13% interest over seven years to finance a new Elgin Street Sweeper. The resolution is subject to a permissive referendum and will take effect 30 days after adoption if no petition is filed.
Contract Details
Contract Amount
$304,801.00
Vendor
FLAGSTAR BANK
Agency
Village of Manorhaven, NY
Contract Type
FINANCIAL_SERVICES
Document Date
April 1, 2026
Contract Term
7 years at 4.13% interest
Renewal Info
Single 7-year loan term; no renewal terms described. Resolution is subject to a permissive referendum and becomes effective 30 days after adoption absent a valid petition.
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