Building Commission Continues Annex Loan With Local Bank
City of CharlesCity · Charles Town, WV- Disclosed value
- $2,100,000.00 original; $1,637,630.72 balance as of 4/30/2025
- From minutes
- Document date
- May 14, 2025
The 30-second brief
The City of Charles Town Building Commission continues to service a Bank of Charles Town loan originally issued for $2.1 million for the 661 S. George police annex, with a remaining balance of about $1.64 million as of April 30, 2025. The Commission is managing cash reserves to cover approximately one year of loan payments.
Bank of Charles Town holds this financial services contract with City of Charles. Its other public contracts on record include work for Town of Harpers Ferry and City of Winchester.
Term as filed: Origination date 05/30/2017; STATE/POLITICAL loan.
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Contract details
- Contract type
- Financial Services
- Amount
- $2,100,000.00 original; $1,637,630.72 balance as of 4/30/2025
- Document date
- May 14, 2025
- Term
- Origination date 05/30/2017; STATE/POLITICAL loan
- Vendor
- Bank of Charles Town
- Agency
- City of Charles
- Source document
- City of Charles Town Building Commission Meeting Minutes May 2025 (Minutes)
Bank of Charles Town's other public contracts
More City of Charles contracts
Questions about this contract
Who was awarded the financial services contract by City of Charles?
Bank of Charles Town was awarded this financial services contract by City of Charles, as recorded on May 14, 2025. The contract value is $2,100,000.00 original; $1,637,630.72 balance as of 4/30/2025.
How much is the Bank of Charles Town contract with City of Charles worth?
The Bank of Charles Town contract with City of Charles is valued at $2,100,000.00 original; $1,637,630.72 balance as of 4/30/2025, 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 City of Charles Town Building Commission Meeting Minutes May 2025 (Minutes), dated May 14, 2025 from City of Charles. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Bank of Charles Town hold?
Bank of Charles Town may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Charles currently buying?
Explore City of Charles's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.