Tamaqua Borough Council Minutes October 2025
$1.675M Tax-Exempt Note Awarded to Peoples Security Bank
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Description
Tamaqua Borough Council adopted Ordinance No. 751 authorizing issuance of a $1,675,000 tax-exempt promissory note to Peoples Security Bank and Trust Company. The financing will support construction of a new police station and related project costs under the Local Government Unit Debt Act.
Contract Details
Contract Amount
$1,675,000.00
Vendor
PEOPLES SECURITY BANK & TRUST COMPANY
Agency
Borough of Tamaqua, PA
Contract Type
FINANCIAL_SERVICES
Document Date
October 7, 2025
Renewal Info
Single municipal debt issuance under the Local Government Unit Debt Act; term, maturity schedule, and renewal options are not detailed in the minutes.
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