Town Council Agenda January 12, 2026
Council to Vote on $200,000 State Remediation Loan
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Description
The council will vote to approve a $200,000 loan agreement with the State Department of Economic and Community Development. The loan, at 1.5% interest for 20 years, will be used for remediation of building #22 at the former mill site.
Contract Details
Contract Amount
$200,000
Vendor
STATE DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT
Agency
Town of Lincoln, ME
Contract Type
FINANCIAL_SERVICES
Document Date
January 12, 2026
Contract Term
20 years at 1.5% interest
Renewal Date
2046-01-12
Renewal Info
20-year term, standard amortization; no renewal referenced.
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