Monticello Considers Sewer Loan Maturity Extension
City of MonticelloCity · Monticello, IA- Disclosed value
- $23,226,000
- From agendapacket
- Document date
- Nov 14, 2026
- Renews
- Free account
The 30-second brief
Monticello is considering extending Farmers & Merchants Saving Bank’s $23.226 million sewer revenue project note. The proposed extension would move maturity to March 15, 2027 while retaining the 6.25% interest rate.
Farmers & Merchants Saving Bank holds this financial services contract with City of Monticello.
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Contract details
- Contract type
- Financial Services
- Amount
- $23,226,000
- Document date
- November 14, 2026
- Term
- Maturity extended from December 1, 2026 to March 15, 2027; interest rate 6.25%
- Renews
- On record
- Vendor
- Farmers & Merchants Saving Bank
- Agency
- City of Monticello
- Source document
- City of Monticello AgendaPacket City Council Meeting 2026-11-16 (AgendaPacket)
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Questions about this contract
Who was awarded the financial services contract by City of Monticello?
Farmers & Merchants Saving Bank was awarded this financial services contract by City of Monticello, as recorded on November 14, 2026. The contract value is $23,226,000.
How much is the Farmers & Merchants Saving Bank contract with City of Monticello worth?
The Farmers & Merchants Saving Bank contract with City of Monticello is valued at $23,226,000, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in City of Monticello AgendaPacket City Council Meeting 2026-11-16 (AgendaPacket), dated November 14, 2026 from City of Monticello. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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