FINANCIAL_SERVICESPENDING

Town to Seek $3M TAN With Camden National & Others

The Oakland Town Council authorized the Town Manager to explore a $3,000,000 Tax Anticipation Note, including with current bank Camden National, to manage cash flow through September 2026. The borrowing would help cover large July obligations before property tax revenues arrive.

Status
PENDING
Document date
June 24, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Camden National
Agency
Town of Oakland · ME

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Up to $3,000,000 (Tax Anticipation Note)
Contract type
FINANCIAL_SERVICES
Contract term
Covers cash flow needs during July, August, and September 2026
Renewal date
2026-09-30
Renewal
One-time short-term borrowing expected to be repaid as 2026 tax revenues are collected; no renewal terms mentioned.
Document type
Minutes
Source document
Oakland Town Council Minutes 2026-06-24

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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 Oakland?

Camden National was awarded this financial services contract by Town of Oakland, as recorded on June 24, 2026. The contract value is Up to $3,000,000 (Tax Anticipation Note).

How much is the Camden National contract with Town of Oakland worth?

The Camden National contract with Town of Oakland is valued at Up to $3,000,000 (Tax Anticipation Note), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Oakland Town Council Minutes 2026-06-24 (Minutes), dated June 24, 2026 from Town of Oakland. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Camden National hold?

Camden National may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Town of Oakland currently buying?

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

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