jonesborough_board_of_mayor_and_aldermen_minutes_o.pdf
TMBF to Finance $864K Town Equipment Notes
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Description
The Board authorized Tennessee Municipal Bond Fund to issue capital outlay notes up to $864,674 over 10 years at 4.64% interest for equipment acquisition. TMBF will coordinate all closing and compliance with the Comptroller.
Contract Details
Contract Amount
$864,674 (not to exceed)
Vendor
TENNESSEE MUNICIPAL BOND FUND
Agency
Town of Jonesborough, TN
Contract Type
FINANCIAL_SERVICES
Document Date
October 13, 2025
Contract Term
10 years
Renewal Date
2035-10-13
Renewal Info
10-year fixed term; subsequent capital projects’ financing expected via separate resolutions.
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