City of Cascade AgendaPacket City Council Meeting 2026-05-26
Library and Hwy 136 South Bond Payment Approved
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Description
The Council agenda includes approval of a $123,960 bond payment to UMB Bank for the 2024 Library and Hwy 136 South bond, covering $100,000 in principal and $23,960 in interest due June 1, 2026. This payment services debt on recent library and highway improvements.
Contract Details
Contract Amount
Principal Payment $100,000 and Interest Payment $23,960 (total $123,960)
Vendor
UMB BANK
Agency
City of Cascade, IA
Contract Type
FINANCIAL_SERVICES
Document Date
May 26, 2026
Contract Term
Bond issue: 2024 Bond (Library, Hwy 136 South); Issue Payment Date 06/01/2026
Renewal Date
2026-06-01
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