FINANCIAL_SERVICESAWARDED

City of Winsted Awards Financial Services Contract to Security Bank & Trust Co (July 2026)

The City of Winsted awarded a $1,685,000 General Obligation Tax Abatement Note and Equipment Certificate, Series 2026A, to Security Bank & Trust Co. to finance Hainlin Park improvements. The 20-year loan carries a 4.15 percent interest rate and is backed by a tax abatement levy.

Status
AWARDED
Document date
July 21, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Security Bank & Trust Co
Agency
City of Winsted · MN

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
$1,685,000 (principal); interest rate 4.15%
Contract type
FINANCIAL_SERVICES
Contract term
20-year term beginning July 1, 2026
Renewal date
2046-07-01
Renewal
Resolution authorizes a 20-year repayment schedule via tax abatement levy; no renewal or extension options are described.
Document type
AgendaPacket
Source document
City of Winsted AgendaPacket 2026-07-21

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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 Winsted?

Security Bank & Trust Co was awarded this financial services contract by City of Winsted, as recorded on July 21, 2026. The contract value is $1,685,000 (principal); interest rate 4.15%.

How much is the Security Bank & Trust Co contract with City of Winsted worth?

The Security Bank & Trust Co contract with City of Winsted is valued at $1,685,000 (principal); interest rate 4.15%, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Winsted AgendaPacket 2026-07-21 (AgendaPacket), dated July 21, 2026 from City of Winsted. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Security Bank & Trust Co hold?

Security Bank & Trust Co 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 Security Bank & Trust Co's profile

What is City of Winsted currently buying?

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

View City of Winsted's profile

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