Commercial line of creditapproved

Town of Jersey Awards $2,000,000 Commercial Line Of Credit Contract to Royal Banks (June 2023)

City secures $2,000,000.00 commercial line of credit from Royal Banks at a rate of 3.75% to fund previously approved capital projects.

Status
approved
Document date
June 27, 2023
Contract type
Commercial line of credit
Vendor
Royal Banks
Agency
Town of Jersey · IL

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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
$2,000,000.00
Contract type
Commercial line of credit
Contract term
NA
Renewal date
NA
Renewal
NA
Document type
Minutes
Source document
jerseyville-city-council-meeting-minutes-june-27-2023_665.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the commercial line of credit contract by Town of Jersey?

Royal Banks was awarded this commercial line of credit contract by Town of Jersey, as recorded on June 27, 2023. The contract value is $2,000,000.00.

How much is the Royal Banks contract with Town of Jersey worth?

The Royal Banks contract with Town of Jersey is valued at $2,000,000.00, covering commercial line of credit work.

What type of contract is this?

This is a Commercial Line Of Credit contract, documented as a minutes record.

Where was this contract approved?

This contract appears in jerseyville-city-council-meeting-minutes-june-27-2023_665.pdf (Minutes), dated June 27, 2023 from Town of Jersey. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Royal Banks hold?

Royal Banks 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 Royal Banks's profile

What is Town of Jersey currently buying?

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

View Town of Jersey's profile

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