City of Victor Council Meeting Minutes February 2026
Victor Council Approves $800K Loan from Chelsea Savings Bank
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Description
The Victor City Council approved a 15-year, $800,000 loan from Chelsea Savings Bank at 4.25% interest to finance multiple city projects and acquisitions.
Contract Details
Contract Amount
$800,000.00
Vendor
CHELSEA SAVINGS BANK
Agency
City of Victor, IA
Contract Type
FINANCIAL_SERVICES
Document Date
February 23, 2026
Contract Term
15 years at 4.25%
Renewal Date
2041-02-23
Renewal Info
Long-term loan for 15 years; renewal not specified.
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