Town of Fenton Agenda Packet 2026-05-12
Fenton Renews $115K Truck Bond Note With NBT Bank
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Description
The Town of Fenton is renewing a one-year bond anticipation note with NBT Bank, N.A. for $115,393.92 at 3.75% interest to finance a 2024 RAM 4500 4X2 regular cab truck, with payment due May 28, 2027. The note is issued under New York State Local Finance Law and backed by the town's full faith and credit.
Contract Details
Contract Amount
$115,393.92 at 3.75% interest
Vendor
NBT BANK N.A.
Agency
Hillcrest Wd #1, NY
Contract Type
FINANCIAL_SERVICES
Document Date
May 12, 2026
Contract Term
Dated May 29, 2026, payable at maturity on May 28, 2027 (1-year bond anticipation note renewal)
Renewal Date
2027-05-28
Renewal Info
One-year renewal of an existing bond anticipation note for a 2024 RAM 4500 4X2 truck; principal and interest are due in full at maturity on May 28, 2027.
More from NBT BANK N.A.
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