FINANCIAL_SERVICESONGOING

Argent Trust Manages Bond Payments for Homer

Argent Trust serves as depository and paying agent for multiple restructured Town of Homer bond issues, receiving monthly payments for principal, interest, and reserve deposits. Bond repayments are ongoing through 2036 under agreed schedules.

Status
ONGOING
Document date
January 31, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Argent Trust
Agency
Town of Homer · LA

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WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
$17,316.16/month for LDH bonds; $1,605.17/month for LDH reserve; $416.67/month paying agent fee; $13,438.48/month for DEQ bonds; $1,299.30/month for DEQ reserve; $14,327/month for Capital One bonds; $2,666/month for Capital One reserve (thru July 2025); all until reserves met and bonds repaid
Contract type
FINANCIAL_SERVICES
Contract term
Various bonds: LDH to Nov 2036; DEQ to Nov 2034; Capital One schedule per agreement (ongoing as of Jan 2026)
Renewal date
2036-11-30
Renewal
Ongoing until bond retirement dates: LDH (Nov 2036), DEQ (Nov 2034), Capital One (term per ordinance). Reserve payments continue until requirements met. No auto-renewal beyond bond agreements.
Document type
Report
Source document
Town of Homer Summary of Issues Report January 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 Homer?

Argent Trust was awarded this financial services contract by Town of Homer, as recorded on January 31, 2026. The contract value is $17,316.16/month for LDH bonds; $1,605.17/month for LDH reserve; $416.67/month paying agent fee; $13,438.48/month for DEQ bonds; $1,299.30/month for DEQ reserve; $14,327/month for Capital One bonds; $2,666/month for Capital One reserve (thru July 2025); all until reserves met and bonds repaid.

How much is the Argent Trust contract with Town of Homer worth?

The Argent Trust contract with Town of Homer is valued at $17,316.16/month for LDH bonds; $1,605.17/month for LDH reserve; $416.67/month paying agent fee; $13,438.48/month for DEQ bonds; $1,299.30/month for DEQ reserve; $14,327/month for Capital One bonds; $2,666/month for Capital One reserve (thru July 2025); all until reserves met and bonds repaid, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Town of Homer Summary of Issues Report January 2026 (Report), dated January 31, 2026 from Town of Homer. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Argent Trust hold?

Argent Trust 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 Argent Trust's profile

What is Town of Homer currently buying?

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

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