FINANCIAL_SERVICESAPPROVED

Housing Authority of the Town of Montevallo Awards $3,000,000 Financial Services Contract to Central State Bank (June 2026)

The Montevallo Development Cooperative District approved a $3,000,000 loan agreement with Central State Bank at 3.6% interest over 180 months to finance the Multi-Purpose Fields Project and the City’s contribution to the High School Gym Project. The resolution authorizes execution of all loan documents and pledges 90% of the City’s 1 cent sales tax revenues for repayment.

Status
APPROVED
Document date
June 9, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Central State Bank
Agency
Housing Authority of the Town of Montevallo · AL

Trusted by teams at

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
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
$3,000,000
Contract type
FINANCIAL_SERVICES
Contract term
180 months; monthly payment of $21,594.10
Renewal
Single 180‑month term loan; no renewals specified. Repayment secured by pledged sales tax revenues under the 2026 Authorizing Resolution and related agreements.
Document type
Minutes
Source document
Montevallo Development Cooperative District Minutes Regular Meeting 2026-06-09

Related contracts

Other contracts from Central State Bank.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Housing Authority of the Town of Montevallo?

Central State Bank was awarded this financial services contract by Housing Authority of the Town of Montevallo, as recorded on June 9, 2026. The contract value is $3,000,000.

How much is the Central State Bank contract with Housing Authority of the Town of Montevallo worth?

The Central State Bank contract with Housing Authority of the Town of Montevallo is valued at $3,000,000, 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 Montevallo Development Cooperative District Minutes Regular Meeting 2026-06-09 (Minutes), dated June 9, 2026 from Housing Authority of the Town of Montevallo. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Central State Bank hold?

Central State 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 Central State Bank's profile

What is Housing Authority of the Town of Montevallo currently buying?

Explore Housing Authority of the Town of Montevallo's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Housing Authority of the Town of Montevallo's profile

Bring us your territory.
We'll show you what is forming.

B2G and SLED sales intelligence. Surface government procurement signals from 80,000+ state, local, and education agencies months before the RFP.

Try Civic IQ for free