Bridgewater Town Council Agenda Packet 2026-06-09
Town to Pay Off Bank Note with Farmers & Merchants Bank Early
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Description
Bridgewater will use surplus funds to pay off a note early with Farmers & Merchants Bank, reducing long-term debt. The payoff will occur in June 2026.
Contract Details
Contract Amount
$167,000 early payoff (balance)
Vendor
FARMERS & MERCHANTS BANK
Agency
City of Bridgewater, IA
Contract Type
FINANCIAL_SERVICES
Document Date
June 9, 2026
Contract Term
Paid off in June 2026
Renewal Date
2026-06-30
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