Grader loan refinancing via Bond Bank
Town of WheelockVermont- Detected
- Jul 10, 2026
- 115 days ago
- Sector
- Equipment
- Est. value
- Free account
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THE 30-SECOND BRIEF
The Selectboard approved signing a loan agreement commitment letter with the Vermont Bond Bank to refinance an existing John Deere grader loan. The new Bond Bank loan is $139,000, to be repaid in six-month increments, with closing expected around August 6, 2026 and interest projected near 3.5 percent. This confirms long-term financing for a key piece of road equipment and signals stable grader usage and future maintenance, parts, and replacement planning needs.
Loan refinances existing John Deere grader financing; interest rate to be finalized at closing, expected around 3.5%.
From the meeting
- Meeting date
- July 10, 2026
- Agency
- Town of Wheelock
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