Town of Mount Jackson Agenda Packet 2026-06-09
First Bank Interim Loan Note Amended and Extended
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Description
The Town of Mount Jackson approved an amendment to its $4,733,000 General Obligation Note, Series 2023 with First National Corporation (d/b/a First Bank), extending the note's maturity to June 28, 2027 for ongoing wastewater treatment system improvements. The amendment was unanimously approved by council.
Contract Details
Contract Amount
Up to $4,733,000
Vendor
FIRST NATIONAL CORPORATION DBA FIRST BANK
Agency
Town of Mount Jackson, VA
Contract Type
FINANCIAL_SERVICES
Document Date
June 9, 2026
Contract Term
Original maturity June 28, 2026; extended to June 28, 2027
Renewal Date
2027-06-28
Renewal Info
Loan maturity extended by one year via formal resolution and agreement amendment; new maturity June 28, 2027.
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