FINANCIAL_SERVICESPENDING

Loan Agreement Planned for New Plow Truck Purchase

The Town of Washburn plans to enter a seven-year $264,000 loan at 4.70% fixed with Machias Savings Bank to purchase a 2026 International Plow Truck, pending Town Meeting approval.

Status
PENDING
Document date
January 31, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Machias Savings Bank
Agency
Town of Washburn · ME

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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
$264,000
Contract type
FINANCIAL_SERVICES
Contract term
7 years
Renewal date
2033-03-16
Renewal
Loan agreement is for a fixed term of 7 years; renewal at maturity would require new authorization.
Document type
Report
Source document
Town of Washburn Annual Report Fiscal Year Ending January 31 2026

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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 Washburn?

Machias Savings Bank was awarded this financial services contract by Town of Washburn, as recorded on January 31, 2026. The contract value is $264,000.

How much is the Machias Savings Bank contract with Town of Washburn worth?

The Machias Savings Bank contract with Town of Washburn is valued at $264,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Town of Washburn Annual Report Fiscal Year Ending January 31 2026 (Report), dated January 31, 2026 from Town of Washburn. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Machias Savings Bank hold?

Machias Savings 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 Machias Savings Bank's profile

What is Town of Washburn currently buying?

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

View Town of Washburn's profile

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