Village of Adell Board of Trustees Meeting Minutes April 8 2026
Village Refinances Note 701 with National Exchange Bank
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Description
The Village of Adell Board approved refinancing a $180,000 balloon payment on National Exchange Bank Note 701 into a new 10-year fully amortizing loan at the current market rate. The refinancing was authorized under Resolution 2026-03 after a unanimous roll call vote.
Contract Details
Contract Amount
$180,000 balloon payment (refinanced)
Vendor
NATIONAL EXCHANGE BANK
Agency
Adell village, WI
Contract Type
FINANCIAL_SERVICES
Document Date
April 8, 2026
Contract Term
10 year fully amortizing note at current market rate
Renewal Info
Refinances existing Note 701 into a new 10-year fully amortizing note at current market interest rate.
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