Town of Hardwick AgendaPacket Select Board Meeting Materials 2026-06-04
Hardwick Electric Proposes $1.17M Note with Union Bank
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Description
Hardwick Electric proposes to consolidate two existing notes into a single $1,174,000 non-revolving Current Expense Note at 4.99% interest with Union Bank effective June 2026. The new arrangement aims to streamline borrowing and finance management. Board approval is required.
Contract Details
Contract Amount
$1,174,000 at 4.99% interest
Vendor
UNION BANK
Agency
Town of Hardwick, VT
Contract Type
FINANCIAL_SERVICES
Document Date
June 4, 2026
Contract Term
Effective June 2026; non-revolving, term not specified; replaces previous notes maturing June 5, 2026 and November 24, 2026
Renewal Info
Consolidation replaces two prior notes (one maturing June 5, 2026, the other November 24, 2026) with a single non-revolving note for $1,174,000.
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