National Bank of Commerce Named Graif Loan Escrow Agent
City of MonticelloCity · Monticello, MN- Disclosed value
- $16,102 escrowed loan proceeds
- From agendapacket
- Document date
- Oct 14, 2026
The 30-second brief
The proposed Graif housing rehabilitation agreement names National Bank of Commerce as escrow agent for $16,102 in SAHA loan proceeds. The bank would disburse funds to contractors as work is verified and approved by the EDA and the City’s Chief Building Official.
National Bank of Commerce holds this financial services contract with City of Monticello. Its other public contracts on record include work for Benson Public School District and Town of Amnicon.
Term as filed: Escrow continues through final disbursement; final disbursement must occur no later than six months after closing.
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Contract details
- Contract type
- Financial Services
- Amount
- $16,102 escrowed loan proceeds
- Document date
- October 14, 2026
- Term
- Escrow continues through final disbursement; final disbursement must occur no later than six months after closing
- Agency
- City of Monticello
- Source document
- Monticello Economic Development Authority Agenda Packet 2026-10-14 (AgendaPacket)
National Bank of Commerce's other public contracts
More City of Monticello contracts
Questions about this contract
Who was awarded the financial services contract by City of Monticello?
National Bank of Commerce was awarded this financial services contract by City of Monticello, as recorded on October 14, 2026. The contract value is $16,102 escrowed loan proceeds.
How much is the National Bank of Commerce contract with City of Monticello worth?
The National Bank of Commerce contract with City of Monticello is valued at $16,102 escrowed loan proceeds, 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 Monticello Economic Development Authority Agenda Packet 2026-10-14 (AgendaPacket), dated October 14, 2026 from City of Monticello. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does National Bank of Commerce hold?
National Bank of Commerce may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Monticello currently buying?
Explore City of Monticello's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.