CONTRACTPENDING

Financing options offered to Twin Lakes by State Bank

Disclosed value: $800,000; From agenda
Document date: Jun 2, 2025
Term: $1,000,000

What it covers

State Bank of the Lakes is offering a financing concept to the Village of Twin Lakes, with options for a Two-Year Note up to $800,000 or a Five-Year Note up to $1,000,000, intended for street improvements, equipment purchases, and working capital. Interest rates are indicative at 6.5% (Standard Rate), potentially reduced by 0.5% for primary banking relationships.

Who holds it

State Bank of the Lakes holds this loan contract with Town of Twin Lake. Its other public contracts on record include work for Round Lake Area Public Library District and Round Lake Beach village (pt.).

What happens next

Term as filed: $1,000,000.

See who signed off on this $800K contract.

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Contract details

Contract type: Loan
Amount: $800,000
Document date: June 2, 2025
Term: $1,000,000
Vendor: State Bank of the Lakes
Agency: Town of Twin Lake
Source document: town-of-twin-lake-agenda-2025-06-02_65f.pdf (Agenda)

State Bank of the Lakes's other public contracts

Round Lake Area Public Library District, IllinoisLibrary Discusses Transfers Involving State Bank Accounts · Oct 13, 2026Undisclosed Round Lake Beach village (pt.), IllinoisLine of credit approved with State Bank of the Lakes · Jul 20, 2026Undisclosed Somers village, Wisconsin$1 Million Loan Payment Sent to State Bank of the Lakes · Jul 14, 2026$1M Round Lake Beach village (pt.), IllinoisVillage Renews $500,000 Credit Line with Local Bank · Jul 13, 2026 Lindenhurst Park District, IllinoisState Bank of the Lakes Provides Staff Meal Support · Jun 16, 2026Undisclosed All State Bank of the Lakes contractsVendor profile

More Town of Twin Lake contracts

Kwik TripTown Renews Liquor License For Kwik Trip · Apr 1, 2026Undisclosed CNSCNS Fiber Optic Project Set To Begin · Apr 1, 2026Undisclosed Aquanut Water ShowsAquanut Water Shows to improve park facilities · Aug 4, 2025$300K PATSPATS increased sludge hauling rate · Aug 4, 2025$5.3K Community Planning ConsultingTwin Lakes considers $5,830 Outdoor Recreation Plan update · Jul 7, 2025$5.8K All Town of Twin Lake activityAgency profile

Questions about this contract

Who was awarded the loan contract by Town of Twin Lake?

State Bank of the Lakes was awarded this loan contract by Town of Twin Lake, as recorded on June 2, 2025. The contract value is $800,000.

How much is the State Bank of the Lakes contract with Town of Twin Lake worth?

The State Bank of the Lakes contract with Town of Twin Lake is valued at $800,000, covering loan work.

What type of contract is this?

This is a Loan contract, documented as a agenda record.

Where was this contract approved?

This contract appears in town-of-twin-lake-agenda-2025-06-02_65f.pdf (Agenda), dated June 2, 2025 from Town of Twin Lake. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does State Bank of the Lakes hold?

State Bank of the Lakes 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 Twin Lake currently buying?

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

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