City of Belton Awards Financial Services Contract to Commercial Bank (December 2023)
City of BeltonCity · SC- Approved
- Dec 5, 2023
The 30-second brief
The City of Belton approved acceptance of a construction loan commitment from The Commercial Bank to finance the remaining local match for SCIIP-funded sewer lift station replacement and water distribution improvement projects. The loan will require interest-only payments during construction and convert to a prime minus two percent rate upon project completion.
Commercial Bank holds this financial services contract with City of Belton. Its other public contracts on record include work for City of Altamont and Clinton County.
Term as filed: Interest-only during construction period; converts to prime less two percent after construction completion.
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Contract details
- Contract type
- Financial Services
- Document date
- December 5, 2023
- Term
- Interest-only during construction period; converts to prime less two percent after construction completion
- Vendor
- Commercial Bank
- Agency
- City of Belton
- Source document
- city-of-belton-meeting-minutes-december-5-2023_acd.pdf (Minutes)
Commercial Bank's other public contracts
More City of Belton contracts
Questions about this contract
Who was awarded the financial services contract by City of Belton?
Commercial Bank was awarded this financial services contract by City of Belton, as recorded on December 5, 2023.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record.
Where was this contract approved?
This contract appears in city-of-belton-meeting-minutes-december-5-2023_acd.pdf (Minutes), dated December 5, 2023 from City of Belton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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.
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What is City of Belton currently buying?
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