City of Bessemer Awards $300,000 Financial Services Contract to Bb& T (September 2020)

Bessemer City Council approved financing terms with BB& T for a $300,000 loan to construct a storage building at the Public Works facility. The five-year financing carries a 1.69% interest rate under a council-adopted resolution.

Document date · September 14, 2020

Track City of Bessemer contracts

Get alerts when new contracts are awarded or existing ones approach renewal at City of Bessemer.

Get started free

Create a free account · no credit card

Work in government? Get Civic IQ free

Scope & details

The full contract record, as filed.

Contract amount

$300,000.00

Contract type

FINANCIAL_SERVICES

Contract term

5-year period at 1.69% interest

Renewal

Five-year loan term; future refinancing or renewal would require additional council action.

Document type

Minutes

Source document

bessemer_city_council_minutes_september_2020.md

Frequently asked questions

Common questions about this contract, answered from the record.

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

Bb& T was awarded this financial services contract by City of Bessemer, as recorded on September 14, 2020. The contract value is $300,000.00.

How much is the Bb& T contract with City of Bessemer worth?

The Bb& T contract with City of Bessemer is valued at $300,000.00, covering financial services work.

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 bessemer_city_council_minutes_september_2020.md (Minutes), dated September 14, 2020 from City of Bessemer. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bb& T hold?

Bb& T 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 Bb& T's profile

What is City of Bessemer currently buying?

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

View City of Bessemer's profile