Palisade Amends CoBank Sewer Construction Loan Terms
Town of PalisadeCity · Palisade, CO- Disclosed value
- Principal amount not to exceed $16,495,000
- From agenda
- Document date
- Apr 14, 2026
The 30-second brief
The Town of Palisade, through its utility enterprise, approved Ordinance 2026-06 amending its Construction Loan Note, Series 2026, with CoBank, ACB in a principal amount up to $16,495,000 to clarify that interest accrues at a variable SOFR-based rate and to raise the maximum net effective interest rate to the legal limit. This amendment refines financing terms for the Sewer Pipeline Consolidation Project.
Cobank Acb holds this financial services contract with Town of Palisade. Its other public contracts on record include work for Aspen Village Metropolitan District and Kirkwood Water District.
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Contract details
- Contract type
- Financial Services
- Amount
- Principal amount not to exceed $16,495,000
- Document date
- April 14, 2026
- Vendor
- Cobank Acb
- Agency
- Town of Palisade
- Source document
- Town of Palisade Board of Trustees Meeting Agenda April 14 2026 (Agenda)
Cobank Acb's other public contracts
More Town of Palisade contracts
Questions about this contract
Who was awarded the financial services contract by Town of Palisade?
Cobank Acb was awarded this financial services contract by Town of Palisade, as recorded on April 14, 2026. The contract value is Principal amount not to exceed $16,495,000.
How much is the Cobank Acb contract with Town of Palisade worth?
The Cobank Acb contract with Town of Palisade is valued at Principal amount not to exceed $16,495,000, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Town of Palisade Board of Trustees Meeting Agenda April 14 2026 (Agenda), dated April 14, 2026 from Town of Palisade. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Cobank Acb hold?
Cobank Acb 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 Palisade currently buying?
Explore Town of Palisade's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.