FINANCIAL_SERVICESPENDING

Village Seeks $500,000 Loan From Northwestern Bank

The Village of Boyd authorized an application to Northwestern Bank for a promissory note of up to $500,000 at 5.75% interest with a 20-year amortization and 5-year term to finance indebtedness from the Patten Street Reconstruction Project. The resolution empowers the Village President and Clerk to execute all required loan application documents.

Status
PENDING
Document date
June 8, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Northwestern Bank
Agency
Boyd village · WI

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Up to $500,000.00 at 5.75% interest
Contract type
FINANCIAL_SERVICES
Contract term
20-year amortization, 5-year term
Renewal date
2031-06-08
Renewal
Promissory note structured with a 20-year amortization and 5-year term; future renewal or refinancing decisions would be required at term maturity.
Document type
Resolution
Source document
Village of Boyd Resolution Regarding Sewer Charges and Debt Financing 2026-07-13

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Boyd village?

Northwestern Bank was awarded this financial services contract by Boyd village, as recorded on June 8, 2026. The contract value is Up to $500,000.00 at 5.75% interest.

How much is the Northwestern Bank contract with Boyd village worth?

The Northwestern Bank contract with Boyd village is valued at Up to $500,000.00 at 5.75% interest, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Village of Boyd Resolution Regarding Sewer Charges and Debt Financing 2026-07-13 (Resolution), dated June 8, 2026 from Boyd village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Northwestern Bank hold?

Northwestern 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.

View Northwestern Bank's profile

What is Boyd village currently buying?

Explore Boyd village's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Boyd village's profile

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