Village of Ellsworth Council Minutes 2026-05-11
Charlevoix State Bank Loan Approved for Truck Purchase
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Description
The Village of Ellsworth council approved a $20,000 loan from Charlevoix State Bank to finance part of a 2026 Chevy Silverado purchase. The four-year loan carries a 5.4% interest rate with monthly payments of $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% ($467.32 per month)
Renewal Date
2030-05-11
Renewal Info
Four-year fixed-term loan at 5.4% interest; no renewal terms are mentioned.
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