CONTRACTAPPROVED

City of Hancock Awards $400,000 Tax Anticipation Note Contract to Miners State Bank (June 2024)

City of Hancock logoCity of Hancock
Disclosed value
$400,000
From meeting minutes
Approved
Jun 19, 2024
Term
6 months

The 30-second brief

What it covers

The City will borrow $400,000 from The Miners State Bank through a Tax Anticipation Note, with a 5.96% interest rate and a six-month maturity, to cover operating expenses.

Who holds it

Miners State Bank holds this tax anticipation note contract with City of Hancock. Its other public contracts on record include work for City of Iron River and Ontonagon village.

What happens next

Term as filed: 6 months.

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Contract details

Contract type
Tax Anticipation Note
Amount
$400,000
Document date
June 19, 2024
Term
6 months
Source document
city-of-hancock-meeting-minutes-2024-06-19_852.pdf (Meeting Minutes)

Miners State Bank's other public contracts

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Questions about this contract

Who was awarded the tax anticipation note contract by City of Hancock?

Miners State Bank was awarded this tax anticipation note contract by City of Hancock, as recorded on June 19, 2024. The contract value is $400,000.

How much is the Miners State Bank contract with City of Hancock worth?

The Miners State Bank contract with City of Hancock is valued at $400,000, covering tax anticipation note work.

What type of contract is this?

This is a Tax Anticipation Note contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in city-of-hancock-meeting-minutes-2024-06-19_852.pdf (Meeting Minutes), dated June 19, 2024 from City of Hancock. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Miners State Bank hold?

Miners 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.

What is City of Hancock currently buying?

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

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