Missoula County Board of County Commissioners Administrative Public Meeting Agenda Packet 2026-06-18
Escrow Approved with First Interstate Bank for DirecTV Lease
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Description
The County approved an escrow agreement with First Interstate Bank to hold $500,000 for the DirecTV lease extension. Funds will be released for loan prepayment or returned to the County depending on compliance with lease job creation terms by December 2026.
Contract Details
Contract Amount
$500,000 held in escrow
Vendor
FIRST INTERSTATE BANK
Agency
Missoula County, MT
Contract Type
FINANCIAL_SERVICES
Document Date
June 18, 2026
Contract Term
June 18, 2026 – December 21, 2026
Renewal Date
2026-12-21
Renewal Info
Escrow expires and is distributed at lease addendum expiration, December 21, 2026. Bank fees apply; agreement includes release/return mechanics.
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