FINANCIAL_SERVICESAPPROVED

City of Colby Awards $177,300 Financial Services Contract to Forward Bank (August 2026)

The City of Colby approved Borrowing Resolution 6-2026 to secure a $177,300 loan from Forward Bank at 4.85% interest to purchase a 2026 John Deere 544P. The debt will be repaid through ten principal and interest installments due each April and December from 2026 to 2031 using general tax levies.

Document date · August 19, 2026

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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
$177,300.00
Contract type
FINANCIAL_SERVICES
Contract term
Ten principal payments plus interest, due on the 15th of April and December each year beginning 12/15/2026 from general taxes levied in the fiscal years 2027-2031
Renewal date
2031-12-15
Renewal
Resolution specifies fixed repayment schedule with ten principal payments plus interest and does not provide for renewals or extensions; obligation runs through the fiscal years 2027-2031 with final payment anticipated by 2031.
Document type
Agenda
Source document
City of Colby Special Council Meeting Agenda 2026-08-19

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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 Colby?

Forward Bank was awarded this financial services contract by City of Colby, as recorded on August 19, 2026. The contract value is $177,300.00.

How much is the Forward Bank contract with City of Colby worth?

The Forward Bank contract with City of Colby is valued at $177,300.00, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Colby Special Council Meeting Agenda 2026-08-19 (Agenda), dated August 19, 2026 from City of Colby. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Forward Bank hold?

Forward 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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