Thornapple Township Board Meeting Minutes November 2025
Cumberland Bank Loan Consolidation Approved for Township
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Description
Thornapple Township accepted Cumberland Bank's proposal to combine two existing loans into one new 5-year loan at 5.5% interest. The Board authorized Chairman Tom Zelm to finalize the formal banking agreement.
Contract Details
Contract Amount
Loan at 5.5% interest
Vendor
CUMBERLAND BANK
Agency
Town of Thornapple, WI
Contract Type
FINANCIAL_SERVICES
Document Date
November 11, 2025
Contract Term
5 years
Renewal Date
2030-11-11
Renewal Info
New 5-year loan; terms and renewal or extension details to be finalized with bank.
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