FINANCIAL_SERVICESAMENDED

District Authorizes Full Prepayment of Truist Bank Lease

McLaughlin School District 15-2 authorized the full prepayment of its First Amended and Restated Lease Agreement with Truist Bank, including all remaining principal, accrued interest, and related amounts. District officers will coordinate with the bank to obtain a payoff statement, remit funds on a qualifying Lease Payment Date in 2026, and secure termination and release of the bank’s interest in the facilities.

Status
AMENDED
Document date
July 17, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Truist Bank
Agency
City of McLaughlin · SD

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TerraCycle logo
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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Contract term
First Amended and Restated Lease Agreement dated September 22, 2020; to be prepaid in full on a Lease Payment Date in 2026
Renewal
Resolution authorizes early payoff and termination of the existing lease rather than renewal; lease will end upon remittance of the full prepayment amount to Truist Bank on a designated Lease Payment Date in 2026.
Document type
Resolution
Source document
McLaughlin School District 15-2 Resolution Authorizing Prepayment of Lease Payments 2026-07-17

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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 McLaughlin?

Truist Bank was awarded this financial services contract by City of McLaughlin, as recorded on July 17, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in McLaughlin School District 15-2 Resolution Authorizing Prepayment of Lease Payments 2026-07-17 (Resolution), dated July 17, 2026 from City of McLaughlin. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Truist Bank hold?

Truist 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.

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