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Financial Assistance
The City offers several options for financing the cost of connecting to the
utility system.
Financing terms are:
Prevailing Interest Rate |
** |
Current Yield |
2-Year |
.72% |
5-Year |
1.72% |
7-Year |
2.39% |
10-Year |
3.26% |
15-Year |
4.01% |
20-Year |
4.39% |
| **Rates as of August 10, 2009 |
Prevailing interest rate: Rates are subject to change. Prevailing interest rate shall be determined daily by using the National Municipal Bond Yields: Triple-A Rated, Tax Exempt Insured Revenue Bonds as posted by Bloomberg.
What do I need to qualify for financing?
Instructions for completing the Installment Payment Agreement
- Complete Page 1 (name, address, legal description, etc.)
- Page 2 Amount Charged (Customer Service will enter from application for service)
- Initial each page and sign last page as indicated
Other Loan Information
- There is a $2.00 monthly handling charge or can be waived by doing bank draft for loan payments.
- Meter installation fee and deposit(s) are required upfront and are not included in the loan.
- A separate statement/bill will be mailed to you on/around the 1st of each month.
- A lien will be recorded with Brevard County (if property sold, loan must be paid off).
- Cash, check or credit cards are accepted.
- Payments can be submitted in person at City Hall, 120 Malabar Road, S.E. or you can mail your payment to: Palm Bay Utilities, 120 Malabar Road, S.E., Palm Bay, FL 32907.
For more information, please e-mail Customer Service or call their office at (321) 952-3420 or 1-800-952-3420.
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