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Richland School District Awards $13,060,000 Debt Contract to Webster Bank (August 2025)

Richland School District logoRichland School District
Disclosed value
$13,060,000
From minutes
Approved
Aug 12, 2025

The 30-second brief

What it covers

Richland School District approves a letter recognizing $13.06 million debt issued through Webster Bank for Payment in Lieu of Taxes (PILT) fund allocation, saving the district approximately $840,000 in interest payments.

Who holds it

Webster Bank holds this debt contract with Richland School District. Its other public contracts on record include work for Town of Wendell and Town of Greenwich.

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Contract details

Contract type
Debt
Amount
$13,060,000
Document date
August 12, 2025
Term
NA
Vendor
Webster Bank
Agency
Richland School District
Source document
richland-school-district-board-meeting-minutes-august-12-2025_ea7.pdf (Minutes)

Webster Bank's other public contracts

Town of Wendell, North CarolinaWebster Bank Bond Funds Wendell Recreation Projects · Oct 24, 2026$2.1MTown of Wendell, North CarolinaWebster Bank Finances Wendell Public Works Yard · Oct 24, 2026$732.5KTown of Greenwich, ConnecticutWebster Bank Continues Greenwich Deposit Services · Oct 19, 2026UndisclosedRegional School District 12, ConnecticutBoard to Consider Webster Bank Banking Resolution · Oct 19, 2026UndisclosedSan Mateo County MVCD, CaliforniaWebster Bank Considered for Alternative Project Financing · Oct 14, 2026All Webster Bank contractsVendor profile

More Richland School District contracts

Mcpherson & JacobsonRichland Continues Superintendent Search With McPherson Jacobson · Sep 8, 2026UndisclosedMcpherson & JacobsonBoard Discusses Superintendent Search With McPherson & Jacobson · Sep 8, 2026UndisclosedHya AssociatesRichland Reviews HYA Associates Superintendent Search Proposal · Aug 11, 2026UndisclosedNorthwest Leadership AssociatesRichland Reviews Northwest Leadership Search Proposal · Aug 11, 2026UndisclosedMcpherson & JacobsonRichland Selects McPherson & Jacobson for Superintendent Search · Aug 11, 2026UndisclosedAll Richland School District activityAgency profile

Questions about this contract

Who was awarded the debt contract by Richland School District?

Webster Bank was awarded this debt contract by Richland School District, as recorded on August 12, 2025. The contract value is $13,060,000.

How much is the Webster Bank contract with Richland School District worth?

The Webster Bank contract with Richland School District is valued at $13,060,000, covering debt work.

What type of contract is this?

This is a Debt contract, documented as a minutes record.

Where was this contract approved?

This contract appears in richland-school-district-board-meeting-minutes-august-12-2025_ea7.pdf (Minutes), dated August 12, 2025 from Richland School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Webster Bank hold?

Webster 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 Richland School District currently buying?

Explore Richland School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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