Village of Sherburne Board of Trustees Meeting Minutes April 2026
Village Approves $265K Loan to Mid-York Press
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Description
The Village of Sherburne approved a $265,704 Economic Development Loan to Mid-York Press, secured by equipment and backed by a personal guarantee. The ten-year loan at three-quarters of the Prime Rate will refinance two prior village loans and fund additional business investments.
Contract Details
Contract Amount
$265,704.00
Vendor
MID-YORK PRESS
Agency
Village of Sherburne, NY
Contract Type
FINANCIAL_SERVICES
Document Date
April 20, 2026
Contract Term
10-year term with monthly repayment
Renewal Date
2036-04-20
Renewal Info
New ten-year economic development loan that consolidates and replaces two prior loans; no automatic renewal terms are specified.
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