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Gate City Bank Purchases Eastman Park Lot For $1.4M

Town of Lida logoTown of Lida
Disclosed value
$1,400,000
From minutes
Approved
May 4, 2026

The 30-second brief

What it covers

The City of St. Cloud approved the sale of Lot 1, Block 2, Eastman Park Addition to Gate City Bank for $1.4 million, near the appraised value. The resolution authorizes execution of all documents needed to complete the property transaction, enabling construction of a new financial institution.

Who holds it

Gate City Bank holds this contract with Town of Lida. Its other public contracts on record include work for City of Devils Lake and Williams County.

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Contract details

Amount
$1,400,000
Document date
May 4, 2026
Vendor
Gate City Bank
Agency
Town of Lida
Source document
City of St. Cloud Minutes Proceedings 2026-05-04 (Minutes)

Gate City Bank's other public contracts

City of Devils Lake, North DakotaDevils Lake Continues Gate City Bank Partnership · Sep 21, 2026UndisclosedCity of Devils Lake, North DakotaDevils Lake Continues Gate City Bank Partnership · Sep 8, 2026UndisclosedWilliams County, North DakotaGate City Bank Linked to Buyer Assistance Deal · Aug 4, 2026Jamestown Public School District 1, North DakotaJamestown Schools Maintain Accounts at Gate City Bank · Jul 20, 2026UndisclosedJamestown Public School District 1, North DakotaDistrict renews Gate City Bank account access · Jul 20, 2026UndisclosedAll Gate City Bank contractsVendor profile

More Town of Lida contracts

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Questions about this contract

Who was awarded the government contract by Town of Lida?

Gate City Bank was awarded this government contract by Town of Lida, as recorded on May 4, 2026. The contract value is $1,400,000.

How much is the Gate City Bank contract with Town of Lida worth?

The Gate City Bank contract with Town of Lida is valued at $1,400,000.

What type of contract is this?

This is a government contract, documented as a minutes record.

Where was this contract approved?

This contract appears in City of St. Cloud Minutes Proceedings 2026-05-04 (Minutes), dated May 4, 2026 from Town of Lida. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Gate City Bank hold?

Gate City 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.

What is Town of Lida currently buying?

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

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