FINANCIAL_SERVICESAWARDED

Town of Winsted Awards Financial Services Contract to Security Bank & Trust Co (July 2026)

The Winsted City Council approved Resolution R-26-23 awarding a $1,685,000 General Obligation Tax Abatement Note and Equipment Certificate, Series 2026A, to Security Bank & Trust Co. at 4.15% interest over 20 years. The financing will fund the Hainlin Park pavilion and related equipment.

Status
AWARDED
Document date
July 21, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Security Bank & Trust Co
Agency
Town of Winsted · MN

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WithersRavenel logo
Derivita logo
Comcate logo
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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 amount
$1,685,000 principal; interest at 4.15% over 20 years
Contract type
FINANCIAL_SERVICES
Contract term
20 years from July 1, 2026
Renewal date
2046-07-01
Renewal
Debt instrument runs for 20 years with tax abatement levy pledged for repayment; renewal not applicable but refinancing could occur in future.
Document type
AgendaPacket
Source document
City of Winsted AgendaPacket 2026-07-21

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Winsted?

Security Bank & Trust Co was awarded this financial services contract by Town of Winsted, as recorded on July 21, 2026. The contract value is $1,685,000 principal; interest at 4.15% over 20 years.

How much is the Security Bank & Trust Co contract with Town of Winsted worth?

The Security Bank & Trust Co contract with Town of Winsted is valued at $1,685,000 principal; interest at 4.15% over 20 years, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Winsted AgendaPacket 2026-07-21 (AgendaPacket), dated July 21, 2026 from Town of Winsted. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Security Bank & Trust Co hold?

Security Bank & Trust Co 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 Security Bank & Trust Co's profile

What is Town of Winsted currently buying?

Explore Town of Winsted's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Town of Winsted's profile

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