FINANCIAL_SERVICESRECOMMENDED

Finance Committee Recommends Royal Bank Operating Loan

The City of Adams Finance Committee is considering recommending a loan from Royal Bank at 4.97% interest, capped at $450,000. The proposed financing would cover operating costs related to the projected 2027 budget deficit.

Document date · October 5, 2026

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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
Interest rate of 4.97%, not to exceed $450,000.00
Contract type
FINANCIAL_SERVICES
Document type
AgendaPacket
Source document
City of Adams AgendaPacket Finance Committee Meeting 2026-10-05

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Adams?

Royal Bank was awarded this financial services contract by City of Adams, as recorded on October 5, 2026. The contract value is Interest rate of 4.97%, not to exceed $450,000.00.

How much is the Royal Bank contract with City of Adams worth?

The Royal Bank contract with City of Adams is valued at Interest rate of 4.97%, not to exceed $450,000.00, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Adams AgendaPacket Finance Committee Meeting 2026-10-05 (AgendaPacket), dated October 5, 2026 from City of Adams. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Royal Bank hold?

Royal 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 Royal Bank's profile

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