FINANCIAL_SERVICESAPPROVED

City of Hoyt Awards Financial Services Contract to Denison State Bank (June 2026)

The Hoyt City Council approved financing of up to $125,000 through Denison State Bank for the sidewalk project, using General Obligation bonds with interest capped at 5%. The council favored a 20-year repayment structure, contingent on bond approval.

Status
APPROVED
Document date
June 4, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Denison State Bank
Agency
City of Hoyt · KS

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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 $125,000; annual payments options discussed: $16,000/year for 10 years, $12,000/year for 12 years, or $9,500/year for 20 years
Contract type
FINANCIAL_SERVICES
Contract term
Council indicated preference for 20-year loan term
Renewal
One-time General Obligation bond-financed loan; no renewals discussed.
Document type
Minutes
Source document
Hoyt City Council Minutes 2026-06-04

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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 Hoyt?

Denison State Bank was awarded this financial services contract by City of Hoyt, as recorded on June 4, 2026. The contract value is Up to $125,000; annual payments options discussed: $16,000/year for 10 years, $12,000/year for 12 years, or $9,500/year for 20 years.

How much is the Denison State Bank contract with City of Hoyt worth?

The Denison State Bank contract with City of Hoyt is valued at Up to $125,000; annual payments options discussed: $16,000/year for 10 years, $12,000/year for 12 years, or $9,500/year for 20 years, 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 Hoyt City Council Minutes 2026-06-04 (Minutes), dated June 4, 2026 from City of Hoyt. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Denison State Bank hold?

Denison State Bank 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 Denison State Bank's profile

What is City of Hoyt currently buying?

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

View City of Hoyt's profile

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