Fairfax Recommends Loan Refinancing Through Peoples Trust
Town of FairfaxCity · Fairfax, VT- Disclosed value
- Estimated net annual savings of $26,098.86; estimated annual interest impacts: Construction Loan +$4,019.76, Dump Truck -$8,835, Grader -$15,253, Fire Truck -$6,031
- From report
- Document date
- Nov 1, 2026
- Renews
- Free account
The 30-second brief
Fairfax recommended refinancing four outstanding loans through Peoples Trust Company. The proposal would maintain existing maturity dates and is expected to produce estimated net annual interest savings of $26,098.86.
Peoples Trust Company holds this financial services contract with Town of Fairfax. Its other public contracts on record include work for Maple Run Unified School District and Enosburg Falls village.
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Contract details
- Contract type
- Financial Services
- Amount
- Estimated net annual savings of $26,098.86; estimated annual interest impacts: Construction Loan +$4,019.76, Dump Truck -$8,835, Grader -$15,253, Fire Truck -$6,031
- Document date
- November 1, 2026
- Term
- Refinancing of four loans while maintaining existing maturity dates: Construction Loan through 2034; Dump Truck through September 2029; Grader through October 2029; Fire Truck through October 2030
- Renews
- On record
- Vendor
- Peoples Trust Company
- Agency
- Town of Fairfax
- Source document
- Town of Fairfax Report Town Manager's Report and Financial Updates November 2026 (Report)
Peoples Trust Company's other public contracts
More Town of Fairfax contracts
Questions about this contract
Who was awarded the financial services contract by Town of Fairfax?
Peoples Trust Company was awarded this financial services contract by Town of Fairfax, as recorded on November 1, 2026. The contract value is Estimated net annual savings of $26,098.86; estimated annual interest impacts: Construction Loan +$4,019.76, Dump Truck -$8,835, Grader -$15,253, Fire Truck -$6,031.
How much is the Peoples Trust Company contract with Town of Fairfax worth?
The Peoples Trust Company contract with Town of Fairfax is valued at Estimated net annual savings of $26,098.86; estimated annual interest impacts: Construction Loan +$4,019.76, Dump Truck -$8,835, Grader -$15,253, Fire Truck -$6,031, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a report record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Town of Fairfax Report Town Manager's Report and Financial Updates November 2026 (Report), dated November 1, 2026 from Town of Fairfax. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Peoples Trust Company hold?
Peoples Trust Company may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Town of Fairfax currently buying?
Explore Town of Fairfax's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.