CONTRACTDISCUSSSED

Commercial Bank Proposes Cascade System Financing Terms

City of Altamont logoCity of Altamont
Disclosed value
4.3% interest; estimated payments $1,160.47 (36 months), $1,005.18 (42 months), $888.77 (48 months)
From agendapacket
Document date
Aug 13, 2026

The 30-second brief

What it covers

Commercial Bank outlined financing proposals for Altamont's $39,126 fire department cascade system at 4.3% interest over 36, 42, or 48 months. The city is considering these terms alongside other lenders.

Who holds it

Commercial Bank holds this financial services contract with City of Altamont. Its other public contracts on record include work for Clinton County and City of Oak Ridge.

What happens next

Term as filed: Financing options for 36, 42, or 48 months at 4.3%.

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Contract details

Contract type
Financial Services
Amount
4.3% interest; estimated payments $1,160.47 (36 months), $1,005.18 (42 months), $888.77 (48 months)
Document date
August 13, 2026
Term
Financing options for 36, 42, or 48 months at 4.3%
Source document
City of Altamont Agenda Packet 2026-08-13 (AgendaPacket)

Commercial Bank's other public contracts

More City of Altamont contracts

Questions about this contract

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

Commercial Bank was awarded this financial services contract by City of Altamont, as recorded on August 13, 2026. The contract value is 4.3% interest; estimated payments $1,160.47 (36 months), $1,005.18 (42 months), $888.77 (48 months).

How much is the Commercial Bank contract with City of Altamont worth?

The Commercial Bank contract with City of Altamont is valued at 4.3% interest; estimated payments $1,160.47 (36 months), $1,005.18 (42 months), $888.77 (48 months), 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 Altamont Agenda Packet 2026-08-13 (AgendaPacket), dated August 13, 2026 from City of Altamont. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Commercial Bank hold?

Commercial 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 Altamont currently buying?

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

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