FINANCIAL_SERVICESAMENDED

Salem Extends $400,000 Sewer Revenue Bond With Town & Country Bank

The City of Salem approved an ordinance amending its Sewerage System Revenue Bond, Series 2024, with Town & Country Bank, extending the $400,000 bond’s maturity to July 1, 2027. The amended bond carries a 3.890% interest rate with semi-annual interest payments and total payments of $449,835.22.

Status
AMENDED
Document date
July 14, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Town & Country Bank
Agency
City of Salem · MO

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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
$400,000 principal; total payments $449,835.22 with interest
Contract type
FINANCIAL_SERVICES
Contract term
Bond dated April 18, 2024, with extended maturity date of July 1, 2027; semi-annual interest payments January 1 and July 1
Renewal date
2027-07-01
Renewal
Interim Sewerage System Revenue Bond, Series 2024, maturity extended to July 1, 2027 by Ordinance No. 3730, replacing Bond No. 1 with Bond No. 2 while keeping principal at $400,000 and interest rate at 3.890%.
Document type
AgendaPacket
Source document
City of Salem Board of Aldermen Meeting Agenda Packet 2026-07-14

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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 Salem?

Town & Country Bank was awarded this financial services contract by City of Salem, as recorded on July 14, 2026. The contract value is $400,000 principal; total payments $449,835.22 with interest.

How much is the Town & Country Bank contract with City of Salem worth?

The Town & Country Bank contract with City of Salem is valued at $400,000 principal; total payments $449,835.22 with interest, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Salem Board of Aldermen Meeting Agenda Packet 2026-07-14 (AgendaPacket), dated July 14, 2026 from City of Salem. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Town & Country Bank hold?

Town & Country 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.

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What is City of Salem currently buying?

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