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Town of Albany Awards Financial Services Contract to Baker Group (April 2026)

Town of Albany logoTown of Albany
Disclosed value
$3,150,000 (bond principal), net interest rate 3.746%
From minutes
Awarded
Apr 1, 2026
Renews
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The 30-second brief

What it covers

The Albany City Council awarded The Baker Group the purchase of $3,150,000 in General Obligation Permanent Improvement Revolving Fund Bonds, Series 2026A, at a net interest rate of 3.746%. The 15-year debt will finance 2026 Capital Improvements with annual payments funded by tax levies and special assessments from 2028 through 2042.

Who holds it

Baker Group holds this financial services contract with Town of Albany. Its other public contracts on record include work for City of Mount Vernon and Roland-Story Community School District.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every Town of Albany contract.

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Contract details

Contract type
Financial Services
Amount
$3,150,000 (bond principal), net interest rate 3.746%
Document date
April 1, 2026
Term
15-year term, debt service payments 2028–2042
Renews
Free account
Vendor
Baker Group
Agency
Town of Albany
Source document
Albany City Council Meeting Minutes April 2026 (Minutes)

Baker Group's other public contracts

City of Mount Vernon, IowaMt. Vernon Approves Baker Group HVAC Maintenance Payment · Oct 19, 2026$11.8KRoland-Story Community School District, IowaBaker Group Boiler Work Approved for $44,103 · Oct 12, 2026$44.1KWarren County, IowaCounty Approves Baker Group Maintenance Payment · Oct 6, 2026$9.6KCity of Mount Vernon, IowaMt. Vernon Approves LBC HVAC Maintenance Payment · Oct 5, 2026$9.8KFayette County, IowaCounty Approves Baker Group Payment · Oct 5, 2026$1.4KAll Baker Group contractsVendor profile

More Town of Albany contracts

Minnesota Department of Transportation (Mndot)Albany Approves Five-Year MnDOT Land Lease · Sep 16, 2026Law Enforcement Labor Services Inc Local #631Albany Ratifies Patrol Officers Union Contract · Sep 16, 2026UndisclosedCivic Systems SoftwareAlbany Budgets $7,600 for Civic Systems Support · Sep 16, 2026ADPAlbany Plans $6,000 ADP Payroll Platform Purchase · Sep 16, 2026$6KStantec Consulting Services IncAlbany Authorizes Stantec Ditch Repair Engineering Plans · Sep 16, 2026All Town of Albany activityAgency profile

Questions about this contract

Who was awarded the financial services contract by Town of Albany?

Baker Group was awarded this financial services contract by Town of Albany, as recorded on April 1, 2026. The contract value is $3,150,000 (bond principal), net interest rate 3.746%.

How much is the Baker Group contract with Town of Albany worth?

The Baker Group contract with Town of Albany is valued at $3,150,000 (bond principal), net interest rate 3.746%, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Albany City Council Meeting Minutes April 2026 (Minutes), dated April 1, 2026 from Town of Albany. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Baker Group hold?

Baker Group 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 Town of Albany currently buying?

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

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