Town of North East Town Board Meeting Minutes April 2026
Highway Garage Financing Awarded to Bank of Millbrook
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Description
The Town awarded its highway garage long-term financing to the Bank of Millbrook, placing a bond and rolling Bond Anticipation Notes after a competitive bidding process. The bank's lower-than-expected interest rate will generate significant savings for the Town.
Contract Details
Vendor
BANK OF MILLBROOK
Agency
Town of North East, NY
Contract Type
FINANCIAL_SERVICES
Document Date
April 1, 2026
Renewal Info
Financing arrangement involves placement of a bond and rollover of existing Bond Anticipation Notes; specific maturity dates and renewal options were not detailed in the minutes.
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