City of Fairmont Minutes Regular Meeting 2026-05-13
Fairmont Renews $750K WesBanco Workers Comp Letter
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Description
The City of Fairmont Council approved Ordinance No. 2102 renewing Letter of Credit No. 2001-525 with WesBanco Bank in an amount not to exceed $750,000 for fiscal year 2026-2027. The letter of credit secures a portion of the City’s self-insured obligations under the West Virginia Workers’ Compensation Act.
Contract Details
Contract Amount
Not to exceed $750,000.00
Vendor
WESBANCO BANK
Agency
City of Fairmont, WV
Contract Type
FINANCIAL_SERVICES
Document Date
May 13, 2026
Contract Term
Fiscal Year 2026-2027
Renewal Date
2027-06-30
Renewal Info
Ordinance No. 2102 authorizes renewal of Letter of Credit No. 2001-525 for the 2026-2027 fiscal year in an amount not to exceed $750,000 to continue meeting self-insured security and insurance requirements for workers’ compensation.
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