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FINANCIAL_SERVICESAPPROVED

Village of Webster Board Meeting Agenda April 9, 2026

Village approves Five Star Bank letter-of-credit release

$454,303.52Village of WebsterFIVE STAR BANKApril 9, 2026

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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
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Description

The Village of Webster will authorize Five Star Bank to release $454,303.52 under Letter of Credit Release No. 1 for the Greenbriar Crossing Section 4 project, leaving a balance of $146,300.26 secured. The Clerk is authorized to send the necessary instructions to the bank to facilitate this financial release.

Contract Details

Contract Amount

$454,303.52

Vendor

FIVE STAR BANK

Agency

Village of Webster, NY

Contract Type

FINANCIAL_SERVICES

Document Date

April 9, 2026

Renewal Info

This is Release No. 1 under an original letter of credit totaling $600,603.78, leaving a remaining balance of $146,300.26 available for future releases.

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