Helena City Council AgendaPacket Council Work Session and Meeting 2026-06-08
Helena City Approves $500,000 Credit Line with Central State Bank
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Description
The Helena City Council approved a two-year revolving working line of credit with Central State Bank, not to exceed $500,000, to support payroll, emergency expenditures, and cash flow management needs. The contract is effective immediately upon adoption, with no fees or closing costs and a fixed rate of 3.85%. City officials are authorized to execute all related financial documents.
Contract Details
Contract Amount
Up to $500,000.00
Vendor
CENTRAL STATE BANK
Agency
City of Helena, AL
Contract Type
FINANCIAL_SERVICES
Document Date
June 8, 2026
Contract Term
24 months
Renewal Date
2028-06-08
Renewal Info
Initial term is 24 months; no stated auto-renewal. Officials may consider renewal at term end.
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