Town of Mount Vernon Awards Loan Contract to BANTERRA (May 2025)

Banterra provided the low quote of 3.95% for both 5 and 7 year loan terms for financing a new pumper fire truck. Recommendation is to move forward with Banterra on the loan.

Document date · May 5, 2025

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Scope & details

The full contract record, as filed.

Contract amount

Contract type

Loan

Contract term

5/7 year

Document type

Meeting Minutes

Source document

town-of-mount-vernonmeeting-minutes2025-05-05_4c4.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the loan contract by Town of Mount Vernon?

BANTERRA was awarded this loan contract by Town of Mount Vernon, as recorded on May 5, 2025.

What type of contract is this?

This is a Loan contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in town-of-mount-vernonmeeting-minutes2025-05-05_4c4.pdf (Meeting Minutes), dated May 5, 2025 from Town of Mount Vernon. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does BANTERRA hold?

BANTERRA 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 Mount Vernon currently buying?

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