FINANCIAL_SERVICESAWARDED

City of Coralville Awards Financial Services Contract to Hills Bank & Trust Company (June 2026)

The City of Coralville awarded the purchase of its $1.5 million Taxable General Obligation Urban Renewal Bonds, Series 2026B, to Hills Bank and Trust Company at 4.20% interest to fund the new Recreation Center Project.

Status
AWARDED
Document date
June 9, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Hills Bank & Trust Company
Agency
City of Coralville · IA

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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
$1,500,000 (principal), total payment $1,558,975 (principal + interest)
Contract type
FINANCIAL_SERVICES
Contract term
June 9, 2026 – June 1, 2027 (1 year)
Renewal date
2027-06-01
Renewal
No automatic renewal; repaid in full at maturity. Future bond issues subject to Council approval.
Document type
Agenda
Source document
City of Coralville Agenda 2026-06-09

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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 Coralville?

Hills Bank & Trust Company was awarded this financial services contract by City of Coralville, as recorded on June 9, 2026. The contract value is $1,500,000 (principal), total payment $1,558,975 (principal + interest).

How much is the Hills Bank & Trust Company contract with City of Coralville worth?

The Hills Bank & Trust Company contract with City of Coralville is valued at $1,500,000 (principal), total payment $1,558,975 (principal + interest), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Coralville Agenda 2026-06-09 (Agenda), dated June 9, 2026 from City of Coralville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Hills Bank & Trust Company hold?

Hills Bank & Trust Company 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 Hills Bank & Trust Company's profile

What is City of Coralville currently buying?

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

View City of Coralville's profile

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