City Prepares $8M Bond with Vermont Municipal Bond Bank

Montpelier plans to enter into a 2026 Series 3 financing agreement with the Vermont Municipal Bond Bank for an $8 million FY2027 bond to fund water and sewer system upgrades and a pump station. The City Council will consider adopting the required bond resolution and certificate ahead of an early August closing.

Scope & details

The full contract record, as filed.

Contract amount

$8,000,000 (bond principal)

Contract type

FINANCIAL_SERVICES

Contract term

FY2027 bond; closing in early August 2026 (multi‑year debt service)

Renewal

Standard long‑term municipal bond; repayment and any future refunding will follow bond covenants and market conditions; specific amortization schedule not detailed in agenda.

Document type

Agenda

Source document

City of Montpelier Agenda 2026-07-08

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Montpelier?

Vermont Municipal Bond Bank was awarded this financial services contract by City of Montpelier, as recorded on July 8, 2026. The contract value is $8,000,000 (bond principal).

How much is the Vermont Municipal Bond Bank contract with City of Montpelier worth?

The Vermont Municipal Bond Bank contract with City of Montpelier is valued at $8,000,000 (bond principal), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Montpelier Agenda 2026-07-08 (Agenda), dated July 8, 2026 from City of Montpelier. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Vermont Municipal Bond Bank hold?

Vermont Municipal Bond Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Vermont Municipal Bond Bank's profile

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