CONTRACTAPPROVED

Sherman village Awards Financial Services Contract to Hickory Point Bank & Trust (November 2023)

Disclosed value: 4.7% interest rate (finance); From meeting minutes
Approved: Nov 7, 2023

What it covers

The Sherman Village Board approved financing for a new police pursuit vehicle through Hickory Point Bank and Trust at an interest rate of 4.7%. Trustee Schultz abstained from the vote. This action will facilitate the purchase of a new squad car for the police department.

Who holds it

Hickory Point Bank & Trust holds this financial services contract with Sherman village. Its other public contracts on record include work for Town of Sherman and Mahomet village.

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Contract details

Contract type: Financial Services
Amount: 4.7% interest rate (finance)
Document date: November 7, 2023
Vendor: Hickory Point Bank & Trust
Agency: Sherman village
Source document: sherman-village-pt-meeting-minutes-2023-11-07_b05.pdf (Meeting Minutes)

Hickory Point Bank & Trust's other public contracts

Town of Sherman, IllinoisBoard Approves Tahoe Financing with Hickory Point Bank · Jun 16, 2026Undisclosed Mahomet village, IllinoisHickory Point Bank Handles Village Financial Transactions · Oct 22, 2024$70.9K Sherman village, IllinoisHickory Point Bank offers lowest finance bid · Nov 7, 2023Undisclosed Sherman village, IllinoisPolice Vehicle Financing Awarded to Hickory Point Bank · Nov 7, 2023Undisclosed Sangamon County Water Reclamation District, IllinoisDistrict Approves Hickory Point Bank & Trust Signatory Ordinance · Sep 26, 2023Undisclosed

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Questions about this contract

Who was awarded the financial services contract by Sherman village?

Hickory Point Bank & Trust was awarded this financial services contract by Sherman village, as recorded on November 7, 2023. The contract value is 4.7% interest rate (finance).

How much is the Hickory Point Bank & Trust contract with Sherman village worth?

The Hickory Point Bank & Trust contract with Sherman village is valued at 4.7% interest rate (finance), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in sherman-village-pt-meeting-minutes-2023-11-07_b05.pdf (Meeting Minutes), dated November 7, 2023 from Sherman village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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