Town of Easton Board of Selectmen Regular Meeting Minutes 2026-04-16
Easton Approves $500K Loan for Fire Station Costs
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Description
The Town of Easton approved a $500,000 loan from Katahdin Trust Company at 4.88% interest over five years to fund fire station construction and equipment costs beyond the $3.6 million THUD EDI CDS grant. The Town Manager will execute the necessary loan documents.
Contract Details
Contract Amount
$500,000.00
Vendor
KATAHDIN TRUST COMPANY
Agency
Town of Easton, ME
Contract Type
FINANCIAL_SERVICES
Document Date
April 16, 2026
Contract Term
5 years
Renewal Info
Five‑year term loan; no renewal or extension provisions mentioned.
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