Town of Addison Annual Report 2025
Sand Shed Construction Loan with Peoples Bank M&T
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Description
Peoples Bank M&T issued a $175,000 loan, later re-amortized, for Sand Shed construction in Addison. The 5-year term concludes in early 2025.
Contract Details
Contract Amount
$175,000 (original, then $160,000 re-amortized)
Vendor
PEOPLES BANK M&T
Agency
Town of Addison, VT
Contract Type
FINANCIAL_SERVICES
Document Date
January 23, 2026
Contract Term
5 years (Re-amortization January 10, 2020 – January 2025)
Renewal Date
2025-01-10
Renewal Info
Loan re-amortized; term ends in 2025. Not subject to renewal, repaid at term.
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