FINANCIAL_SERVICESAWARDED

City of Schofield Awards $525,000 Financial Services Contract to Intercity State Bank (August 2026)

Under Resolution 2026-04, the City authorized borrowing $525,000 from Intercity State Bank to fund the utility portion of Kort Street reconstruction. The 10-year adjustable-rate term note starts September 8, 2026, with an initial 4.89% rate and semiannual interest payments.

Status
AWARDED
Document date
August 8, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Intercity State Bank
Agency
City of Schofield · WI

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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
$525,000.00
Contract type
FINANCIAL_SERVICES
Contract term
September 8, 2026 – September 8, 2036 (10-year term)
Renewal date
2036-09-08
Renewal
Ten-year term with semiannual interest payments starting March 8, 2027 and annual principal payments starting September 8, 2027; loan may be prepaid in full or in part at any time without penalty; final maturity September 8, 2036.
Document type
AgendaPacket
Source document
City of Schofield Finance/Economic Redevelopment Committee Agenda Packet 2026-08-10

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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 Schofield?

Intercity State Bank was awarded this financial services contract by City of Schofield, as recorded on August 8, 2026. The contract value is $525,000.00.

How much is the Intercity State Bank contract with City of Schofield worth?

The Intercity State Bank contract with City of Schofield is valued at $525,000.00, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Schofield Finance/Economic Redevelopment Committee Agenda Packet 2026-08-10 (AgendaPacket), dated August 8, 2026 from City of Schofield. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Intercity State Bank hold?

Intercity State 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.

View Intercity State Bank's profile

What is City of Schofield currently buying?

Explore City of Schofield's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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