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Town of Stonington Awards Financial Services Contract to Maine Municipal Bond Bank (February 2026)

Town of Stonington
Disclosed value
Up to $1,491,950
From minutes
Approved
Feb 9, 2026

The 30-second brief

What it covers

The Stonington Water Company Board of Trustees approved borrowing up to $1,491,950 from the Maine Municipal Bond Bank’s State Revolving Loan Fund to finance Cemetery Road and School Street water main replacement. The action authorizes issuance of a taxable water bond, related revenue notes, and a loan agreement, with debt service guaranteed by the Town of Stonington.

Who holds it

Maine Municipal Bond Bank holds this financial services contract with Town of Stonington. Its other public contracts on record include work for Town of Lisbon and School Administrative District 57.

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Contract details

Contract type
Financial Services
Amount
Up to $1,491,950
Document date
February 9, 2026
Vendor
Maine Municipal Bond Bank
Agency
Town of Stonington
Source document
Town of Stonington Selectmen Meeting Minutes February 9 2026 (Minutes)

Maine Municipal Bond Bank's other public contracts

Town of Lisbon, MaineLisbon Considers $200,000 Forgivable Water Loan · Oct 6, 2026$200KTown of Lisbon, MaineLisbon Water Department Seeks $200,000 Forgivable Loan · Oct 6, 2026$200KTown of Lisbon, MaineLisbon Considers $200,000 Forgivable Water Loan · Oct 5, 2026$200KTown of Lisbon, MaineLisbon Considers $200,000 Forgivable Water Loan · Oct 5, 2026$200KSchool Administrative District 57, MaineRSU 57 Advances Bond Bank Renovation Funding · Sep 22, 2026UndisclosedAll Maine Municipal Bond Bank contractsVendor profile

More Town of Stonington contracts

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Questions about this contract

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

Maine Municipal Bond Bank was awarded this financial services contract by Town of Stonington, as recorded on February 9, 2026. The contract value is Up to $1,491,950.

How much is the Maine Municipal Bond Bank contract with Town of Stonington worth?

The Maine Municipal Bond Bank contract with Town of Stonington is valued at Up to $1,491,950, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Town of Stonington Selectmen Meeting Minutes February 9 2026 (Minutes), dated February 9, 2026 from Town of Stonington. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Maine Municipal Bond Bank hold?

Maine Municipal Bond 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 Stonington currently buying?

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

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