Flex PACE Interest Buydown Approved for Cork & Barrel

Preliminary approval was granted for a 7-year Flex PACE interest buydown up to $21,444.43 for Cork & Barrel Properties LLC, supporting local business financing.

Document date · May 11, 2026

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Scope & details

The full contract record, as filed.

Contract amount

up to $21,444.43 (7-year Flex PACE interest buydown)

Contract type

FINANCIAL_SERVICES

Contract term

7 years (buydown period), plus optional 5 years for repayment

Renewal date

2033-06-30

Renewal

After the 7-year buydown term, community portion is repayable in full (no interest) or amortized over 5 years at 5% interest.

Document type

Minutes

Source document

City of Carrington Minutes 2026-05-11

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Carrington?

Cork & Barrel Properties Llc was awarded this financial services contract by Town of Carrington, as recorded on May 11, 2026. The contract value is up to $21,444.43 (7-year Flex PACE interest buydown).

How much is the Cork & Barrel Properties Llc contract with Town of Carrington worth?

The Cork & Barrel Properties Llc contract with Town of Carrington is valued at up to $21,444.43 (7-year Flex PACE interest buydown), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Carrington Minutes 2026-05-11 (Minutes), dated May 11, 2026 from Town of Carrington. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Cork & Barrel Properties Llc hold?

Cork & Barrel Properties Llc 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 Cork & Barrel Properties Llc's profile

What is Town of Carrington currently buying?

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

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