New Market Outstanding Obligations
Security Class Purpose Type Description Final Maturity Amount
Loans Utilities/Sewers Interim financing for water improvement project. Total loan amount is $1,200,000 and will be closed on 8/1/24 when the USDA RD 1,200,000 loan starts. 12-01-2024 $1,092,198.42
Loans Utilities/Sewers SFR P&D loan for engineering and planning cost for a water main project starting in FY24. Will be paid back in FY25 with USDA RD grant for the project 10-14-2025 $182,128.08
Loans Other Main Street repair and maintenance - resurfaced Main St 07-07-2032 $90,933.28
Loans Public Buildings/Schools Loan to buy the post office building on Main street. Paid for with the monthly rent paid by USPS. 05-15-2029 $24,807.26
Total Debt as of 2024: $1,390,067.04

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