Town of Oak Grove Minutes Board Meeting 2026-04-20
Oak Grove approves $709k loan with First National Bank
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Description
The Town of Oak Grove approved a $709,000, 10-year general obligation promissory note with First National Bank of River Falls at 4.28% to finance a firetruck and 1208th Street roadwork. The loan includes funding for Ehlers fees as part of the borrowing package.
Contract Details
Contract Amount
$709,000
Vendor
FIRST NATIONAL BANK OF RIVER FALLS
Agency
Town of Oak Grove, WI
Contract Type
FINANCIAL_SERVICES
Document Date
April 20, 2026
Contract Term
10-year term at 4.28% interest
Renewal Info
Single 10-year general obligation promissory note; no pre-payment penalty was noted for Loan A.
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