Fairfield Township Resolution 26-43 Debt Service Payments
Township Approves Early Bond Payoff to US Bank
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Description
Fairfield Township approved a $569,775.00 debt service payment to US Bank to retire the remaining principal and interest on general obligation bonds for Princeton Road projects one year early. The payment, funded by the Princeton Road TIF Fund No. 2906, covers $560,000.00 in principal and $9,775.00 in interest due June 1, 2026.
Contract Details
Contract Amount
$569,775.00
Vendor
US BANK
Agency
Town of Fairfield, OH
Contract Type
FINANCIAL_SERVICES
Document Date
April 14, 2026
Contract Term
Debt service payment due June 1, 2026; early payoff of remaining principal of $560,000.00 and interest of $9,775.00 on general obligation bonds originally scheduled to be paid off in 2027
Renewal Date
2026-06-01
Renewal Info
One-time early payoff of the remaining bond principal and associated interest; the original loan schedule extended through 2027 but will be fully repaid with the June 1, 2026 payment.
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