Jupiter Inlet Colony staff say TD Bank will call a loan; commission asks for loan documents
Town manager Katie Siegel told commissioners TD Bank will call a smaller town loan due in 2026; staff said the town has about $120,000 at TD and is preparing options to cover a $224,000 annual payment timing gap, including moving funds to higher-yield accounts; commissioners asked for loan documents and a workshop.
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Town manager Katie Siegel told the Jupiter Inlet Colony commission that TD Bank has signaled it will call one of the town's smaller loans, exposing a timing gap ahead of a final payment due in 2026. Siegel said the town's annual payment on that loan is about $224,000 and that roughly $120,000 of town funds currently sit at TD.
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