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Town finances utility improvements with $85M loan

Town of Queen Creek logoTown of Queen Creek
Disclosed value
$85,000,000
From contract
Document date
May 1, 2025

The 30-second brief

What it covers

Town of Queen Creek enters into an agreement with U.S. Bank Trust Company for obligations of $85 million, representing interests in the Third Subordinate Lien Purchase Agreement, to finance the cost of improvements to Town’s utility system.

Who holds it

Us Bank Trust holds this loan agreement contract with Town of Queen Creek. Its other public contracts on record include work for Mille Lacs County and City of Freeman.

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Contract details

Contract type
Loan Agreement
Amount
$85,000,000
Document date
May 1, 2025
Term
NA
Vendor
Us Bank Trust
Agency
Town of Queen Creek
Source document
fifth_subordinate_lien_purchase_agreement.pdf (Contract)

Us Bank Trust's other public contracts

Mille Lacs County, MinnesotaCounty Pays US Bank Trust for Bond Administration · Oct 16, 2026$600City of Freeman, South DakotaFreeman Approves US Bank Trust Lagoon Loan Payment · Oct 6, 2026$16.7KTown of Canistota, South DakotaCanistota Approves US Bank Trust Debt Service · Oct 5, 2026$33.6KCity of Freeman, South DakotaCity Approves US Bank Trust Lagoon Loan Payment · Sep 15, 2026$16.7KCity of Freeman, South DakotaFreeman Approves Lagoon-Loan Payment to US Bank Trust · Sep 15, 2026$16.7KAll Us Bank Trust contractsVendor profile

More Town of Queen Creek contracts

Queen Creek Irrigation DistrictQueen Creek Approves Irrigation Service Transfer Agreement · Oct 13, 2026UndisclosedCarahsoft Technology CorporationQueen Creek Considers $97,726 Carahsoft Software Purchase · Oct 13, 2026$97.7KCity of ChandlerQueen Creek Considers Chandler Backup Ambulance Agreement · Oct 13, 2026UndisclosedMaricopa CountyQueen Creek Considers Maricopa County Police Training Amendment · Oct 13, 2026Kimley HornQueen Creek Considers Kimley Horn Fiber Network Amendment · Oct 13, 2026All Town of Queen Creek activityAgency profile

Questions about this contract

Who was awarded the loan agreement contract by Town of Queen Creek?

Us Bank Trust was awarded this loan agreement contract by Town of Queen Creek, as recorded on May 1, 2025. The contract value is $85,000,000.

How much is the Us Bank Trust contract with Town of Queen Creek worth?

The Us Bank Trust contract with Town of Queen Creek is valued at $85,000,000, covering loan agreement work.

What type of contract is this?

This is a Loan Agreement contract, documented as a contract record.

Where was this contract approved?

This contract appears in fifth_subordinate_lien_purchase_agreement.pdf (Contract), dated May 1, 2025 from Town of Queen Creek. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Us Bank Trust hold?

Us Bank Trust 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 Queen Creek currently buying?

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

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