FINANCIAL_SERVICESPENDING

Bank Of The San Juans Offers Groomer Financing

Bank of the San Juans has proposed a $100,000, 5-year fixed-rate lease purchase financing at 5.19% interest to help the Town of Silverton acquire a Prinoth groomer. The Board will provide direction on finalizing an agreement and returning with a formal financing resolution.

Status
PENDING
Document date
March 24, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Bank of the San Juans a Division of Glacier Bank
Agency
Town of Silverton · CO

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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
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
$100,000 at 5.19% interest, 5-year amortization (annual payment $21,038)
Contract type
FINANCIAL_SERVICES
Contract term
5-year amortization and term; rate lock valid 45 days from March 17, 2025
Renewal date
2030-03-17
Renewal
New 5-year lease purchase financing proposal; no renewals yet. Rate lock on quoted terms is valid for 45 days from March 17, 2025, after which terms may change if not executed.
Document type
AgendaPacket
Source document
Silverton Board of Trustees Meeting Packet March 2025

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Frequently asked questions

Common questions about this contract, answered from the record.

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

Bank of the San Juans a Division of Glacier Bank was awarded this financial services contract by Town of Silverton, as recorded on March 24, 2025. The contract value is $100,000 at 5.19% interest, 5-year amortization (annual payment $21,038).

How much is the Bank of the San Juans a Division of Glacier Bank contract with Town of Silverton worth?

The Bank of the San Juans a Division of Glacier Bank contract with Town of Silverton is valued at $100,000 at 5.19% interest, 5-year amortization (annual payment $21,038), 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 Silverton Board of Trustees Meeting Packet March 2025 (AgendaPacket), dated March 24, 2025 from Town of Silverton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bank of the San Juans a Division of Glacier Bank hold?

Bank of the San Juans a Division of Glacier 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 Bank of the San Juans a Division of Glacier Bank's profile

What is Town of Silverton currently buying?

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

View Town of Silverton's profile

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