Fairmont City Council Agenda Packet 2026-05-26
Council Renews $750,000 WesBanco Letter of Credit
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Description
The Fairmont City Council renewed a $750,000 letter of credit with WesBanco Bank to satisfy Workers' Compensation Act requirements for FY 2026-2027. Ordinance No. 2102 formally authorizes the renewal of Letter of Credit No. 2001-525.
Contract Details
Contract Amount
$750,000
Vendor
WESBANCO BANK
Agency
Fairmont Marion County Transit Authority, WV
Contract Type
FINANCIAL_SERVICES
Document Date
May 23, 2026
Contract Term
FY 2026-2027
Renewal Date
2027-06-30
Renewal Info
Ordinance No. 2102 renews Letter of Credit No. 2001-525 with WesBanco Bank for the FY 2026-2027 period to cover Workers' Compensation Act requirements. Future renewals will require subsequent council authorization.
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Related Contracts
City of Fairmont Council Meeting Agenda Packet May 13 2026
PENDINGCity of Fairmont Minutes Regular Meeting 2026-05-13
RENEWEDCity of Fairmont Council Meeting Agenda Packet April 28 2026
PENDINGCity of Fairmont Minutes Regular City Council Meeting 2026-04-28
PENDINGBelomar Regional Council Quarterly Report April 2026
ONGOINGIssuing Agency
Fairmont Marion County Transit Authority
Special District
Fairmont, WV
More from Fairmont Marion County Transit Authority
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