Village of Rensselaer Falls Council Meeting Minutes October 2025
Village Approves $411K Community Center Loan with Community Bank
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Description
The Village of Rensselaer Falls approved a $411,000 one-year short-term loan from Community Bank at a 4.97% interest rate to finance the community center project. The bank may also provide a line of credit for the village.
Contract Details
Contract Amount
$411,000.00
Vendor
COMMUNITY BANK
Agency
Village of Rensselaer Falls, NY
Contract Type
FINANCIAL_SERVICES
Document Date
October 13, 2025
Contract Term
1 year short term note
Renewal Date
2026-10-13
Renewal Info
No automatic renewal; one-year term. Future loan renewal or refinancing may be required depending on project and grant timelines.
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Village of Rensselaer Falls Council Meeting Minutes October 2025
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