FINANCIAL_SERVICESRENEWED

Melville Renews Sewage Lift Station Loan With Conexus

Melville renewed its $2.677 million Sewage Lift Station No. 1 loan with Conexus Credit Union. The five-year renewal carries 4.97% interest and requires monthly blended principal-and-interest payments of $17,665.88.

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
$2,677,011.28 outstanding principal balance; 4.97% interest; monthly payment of $17,665.88
Contract type
FINANCIAL_SERVICES
Contract term
Five years from the date of renewal; amortized over 239 months
Renewal date
2031-10-05
Renewal
Five-year renewal beginning on the renewal date; outstanding balance may be renewed, refinanced, or repaid at expiration. Bylaw No. 07/2026 repealed and replaced Bylaw No. 14/2021.
Document type
Agenda
Source document
City of Melville Agenda 2026-10-05

Frequently asked questions

Common questions about this contract, answered from the record.

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

Conexus Credit Union was awarded this financial services contract by City of Melville, as recorded on October 5, 2026. The contract value is $2,677,011.28 outstanding principal balance; 4.97% interest; monthly payment of $17,665.88.

How much is the Conexus Credit Union contract with City of Melville worth?

The Conexus Credit Union contract with City of Melville is valued at $2,677,011.28 outstanding principal balance; 4.97% interest; monthly payment of $17,665.88, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

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

What other contracts does Conexus Credit Union hold?

Conexus Credit Union 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 Conexus Credit Union's profile

What is City of Melville currently buying?

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

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