FINANCIAL_SERVICESAPPROVED

Spring Bay village Awards $145,000 Financial Services Contract to Morton Community Bank (March 2026)

The Village of Spring Bay Board approved securing a $145,000, 5‑year loan from Morton Community Bank at 6.25% interest, or a lower rate if available, to finance dredging work. The motion passed unanimously.

Status
APPROVED
Document date
March 11, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Morton Community Bank
Agency
Spring Bay village · IL

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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
$145,000
Contract type
FINANCIAL_SERVICES
Contract term
5 years at 6.25% interest (or lower if obtained)
Renewal
Fixed-term loan for 5 years; no renewal terms mentioned.
Document type
Minutes
Source document
Village of Spring Bay Regular Meeting Minutes 2026-03-11

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Spring Bay village?

Morton Community Bank was awarded this financial services contract by Spring Bay village, as recorded on March 11, 2026. The contract value is $145,000.

How much is the Morton Community Bank contract with Spring Bay village worth?

The Morton Community Bank contract with Spring Bay village is valued at $145,000, 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 Village of Spring Bay Regular Meeting Minutes 2026-03-11 (Minutes), dated March 11, 2026 from Spring Bay village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Morton Community Bank hold?

Morton Community 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 Morton Community Bank's profile

What is Spring Bay village currently buying?

Explore Spring Bay village's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Spring Bay village's profile

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