Town of Fredonia Awards $821,300 Financial Services Contract to Port Washington State Bank (April 2026)

The Village of Fredonia approved borrowing $821,300 from Port Washington State Bank at 4% interest over ten years to fund equipment purchases and road maintenance under its capital improvement plan. The loan uses a front-loaded repayment structure to manage future debt capacity and mill rate impacts.

Scope & details

The full contract record, as filed.

Contract amount

$821,300

Contract type

FINANCIAL_SERVICES

Contract term

10 years at 4% interest

Renewal date

2036-03-05

Renewal

Ten-year term loan; no explicit renewal options mentioned. Debt service will continue until maturity, with potential for early principal payments as discussed by the Finance Committee.

Document type

Agenda

Source document

Village of Fredonia Board Meeting Agenda April 2, 2026

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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 Fredonia?

Port Washington State Bank was awarded this financial services contract by Town of Fredonia, as recorded on April 2, 2026. The contract value is $821,300.

How much is the Port Washington State Bank contract with Town of Fredonia worth?

The Port Washington State Bank contract with Town of Fredonia is valued at $821,300, 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 Village of Fredonia Board Meeting Agenda April 2, 2026 (Agenda), dated April 2, 2026 from Town of Fredonia. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Port Washington State Bank hold?

Port Washington State 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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What is Town of Fredonia currently buying?

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

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