City of Platteville Common Council Proceedings April 28, 2026
Council Extends $96K Fidelity Bank Industrial Park Loan
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Description
The Platteville Common Council authorized a two-year extension on a $96,124.82 loan with Fidelity Bank & Trust tied to industrial park financing. The extended agreement continues monthly payments and retains a balloon payment at the end of the new term.
Contract Details
Contract Amount
$96,124.82
Vendor
FIDELITY BANK & TRUST
Agency
City of Platteville, WI
Contract Type
FINANCIAL_SERVICES
Document Date
April 28, 2026
Contract Term
extension of existing loan; two-year extension with balloon payment
Renewal Info
Two-year extension of existing loan with balloon payment at end of extended term; further renewals or refinancing would require additional council approval.
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