City of Fairmont Council Meeting Agenda Packet April 28 2026
Fairmont Plans Renewal of Wesbanco Letter of Credit
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Description
The City of Fairmont is considering an ordinance to renew Letter of Credit No. 2001-525 with Wesbanco Bank in an amount not to exceed $750,000. The letter of credit will secure a portion of the city's self-insured obligations under the West Virginia Workers’ Compensation Act for fiscal year 2026-2027.
Contract Details
Contract Amount
Not to exceed $750,000.00
Vendor
WESBANCO BANK
Agency
Fairmont Marion County Regional Airport Authority, WV
Contract Type
FINANCIAL_SERVICES
Document Date
April 28, 2026
Contract Term
Fiscal Year 2026-2027
Renewal Date
2027-06-30
Renewal Info
Ordinance authorizes renewal of existing Letter of Credit No. 2001-525 for FY 2026-2027; further renewal options are not specified in the agenda.
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RENEWEDIssuing Agency
Fairmont Marion County Regional Airport Authority
Special District
Fairmont, WV
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City of Fairmont Council Meeting Agenda Packet April 2026
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