City of Platteville Common Council Agenda Packet 2026-05-26
Council Extends $96K Loan with Fidelity Bank & Trust
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Description
The Platteville Common Council approved a two-year extension of a $96,124.82 loan with Fidelity Bank & Trust at 5.95% interest and $1,037.90 monthly payments. The action restructures existing city debt with the bank.
Contract Details
Contract Amount
$96,124.82
Vendor
FIDELITY BANK & TRUST
Agency
City of Platteville, WI
Contract Type
FINANCIAL_SERVICES
Document Date
May 26, 2026
Contract Term
Two-year loan extension
Renewal Info
Existing loan extended for an additional two years at a 5.95% interest rate with specified monthly payments.
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