Lakewood village Awards Financial Services Contract to Crystal Lake Bank & Trust Co (July 2026)

The Village of Lakewood Board approved Resolution 2026-15R, entering into a five-year financing agreement with Crystal Lake Bank & Trust Co. to purchase two greens mowers, with monthly payments of $1,809.41. The financing supports capital equipment for the RedTail Golf Club within the 2026/2027 budget.

Scope & details

The full contract record, as filed.

Contract amount

Five-year financing agreement with monthly payment amount of $1,809.41

Contract type

FINANCIAL_SERVICES

Contract term

Five-year financing agreement effective May 2026

Renewal date

2031-05-31

Renewal

Five-year term financing; no automatic renewal specified. Loan effective around May 2026, running approximately through May 2031 unless prepaid.

Document type

AgendaPacket

Source document

Village of Lakewood Board Meeting Agenda Packet 2026-07-14

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Lakewood village?

Crystal Lake Bank & Trust Co was awarded this financial services contract by Lakewood village, as recorded on July 14, 2026. The contract value is Five-year financing agreement with monthly payment amount of $1,809.41.

How much is the Crystal Lake Bank & Trust Co contract with Lakewood village worth?

The Crystal Lake Bank & Trust Co contract with Lakewood village is valued at Five-year financing agreement with monthly payment amount of $1,809.41, 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 Village of Lakewood Board Meeting Agenda Packet 2026-07-14 (AgendaPacket), dated July 14, 2026 from Lakewood village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Crystal Lake Bank & Trust Co hold?

Crystal Lake 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.

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What is Lakewood village currently buying?

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