FINANCIAL_SERVICESPENDING

Security Bank & Trust to finance pavilion and park improvements

Security Bank & Trust Co. is slated to purchase Winsted’s proposed $1.685 million General Obligation pavilion and park equipment bonds through the Minnesota Rural Water Loan Program, providing 20-year financing with callability after 2033. The financing will fund construction of a new park pavilion and acquisition of park equipment.

Status
PENDING
Document date
May 19, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Security Bank & Trust Co
Agency
Town of Winsted · MN

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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
$1,685,000 principal (bond purchase)
Contract type
FINANCIAL_SERVICES
Contract term
20-year term, callable any time after 2/1/2033
Renewal date
2046-02-01
Renewal
Single 20-year general obligation bond financing with call option after February 1, 2033; no automatic renewal but potential future refunding.
Document type
AgendaPacket
Source document
City of Winsted AgendaPacket 2026-05-19

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Frequently asked questions

Common questions about this contract, answered from the record.

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

Security Bank & Trust Co was awarded this financial services contract by Town of Winsted, as recorded on May 19, 2026. The contract value is $1,685,000 principal (bond purchase).

How much is the Security Bank & Trust Co contract with Town of Winsted worth?

The Security Bank & Trust Co contract with Town of Winsted is valued at $1,685,000 principal (bond purchase), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Winsted AgendaPacket 2026-05-19 (AgendaPacket), dated May 19, 2026 from Town of Winsted. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Security Bank & Trust Co hold?

Security Bank & Trust Co 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 Security Bank & Trust Co's profile

What is Town of Winsted currently buying?

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

View Town of Winsted's profile

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