Town reviews financing terms for golf course sale

Scope & details

The full contract record, as filed.

Contract amount

$500,000

Contract type

OTHER

Contract term

15 years at 4.5% interest; TR&G must remain owner for at least six months

Renewal

Proposed financing prohibits prepayment on the mortgage until after year eight; TR&G must maintain property and liability insurance naming the Town of Troy as co-insured and remain owner at least six months.

Document type

Minutes

Source document

Troy Board of Commissioners Regular Monthly Meeting Minutes January 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Town of Troy?

TR&G was awarded this government contract by Town of Troy, as recorded on January 5, 2026. The contract value is $500,000.

How much is the TR&G contract with Town of Troy worth?

The TR&G contract with Town of Troy is valued at $500,000.

What type of contract is this?

This is a government contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Troy Board of Commissioners Regular Monthly Meeting Minutes January 2026 (Minutes), dated January 5, 2026 from Town of Troy. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does TR&G hold?

TR&G may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Town of Troy currently buying?

Explore Town of Troy's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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