City of Schofield Awards $525,000 Financial Services Contract to One Community Bank (August 2026)

The City of Schofield approved Resolution 2026-04 to borrow $525,000 from One Community Bank to finance the water and sewer utility portion of Kort Street reconstruction. The 10-year note carries an initial fixed interest rate of 4.89% with repayment through utility revenues and a final maturity of September 8, 2036.

Scope & details

The full contract record, as filed.

Contract amount

$525,000.00

Contract type

FINANCIAL_SERVICES

Contract term

September 8, 2026 – September 8, 2036 (10-year term)

Renewal date

2036-09-08

Renewal

Ten-year term note with adjustable interest: 4.89% fixed for first five years, then rate adjusts every three years until maturity on September 8, 2036; prepayment allowed at any time without penalty.

Document type

AgendaPacket

Source document

City of Schofield Finance/Economic Redevelopment Committee Agenda Packet 2026-08-10

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City of Schofield Finance/Economic Redevelopment Committee Agenda Packet 2026-08-10

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DISCUSSSED

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DISCUSSED

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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 Schofield?

One Community Bank was awarded this financial services contract by City of Schofield, as recorded on August 8, 2026. The contract value is $525,000.00.

How much is the One Community Bank contract with City of Schofield worth?

The One Community Bank contract with City of Schofield is valued at $525,000.00, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Schofield Finance/Economic Redevelopment Committee Agenda Packet 2026-08-10 (AgendaPacket), dated August 8, 2026 from City of Schofield. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does One Community Bank hold?

One Community 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.

View One Community Bank's profile

What is City of Schofield currently buying?

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