FINANCIAL_SERVICESAPPROVED

City of Nome Awards Financial Services Contract to Northrim Bank (August 2026)

The City of Nome approved Resolution R-26-08-06 to issue and sell a Utility Revenue Anticipation Note, not to exceed $8.6 million, to Northrim Bank. The financing will fund diesel fuel purchases for the Nome Joint Utility System under a secured, revenue-backed note maturing by August 6, 2027.

Document date · August 24, 2026

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WithersRavenel logo
Derivita logo
Comcate logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $8,600,000.00
Contract type
FINANCIAL_SERVICES
Contract term
Eleven equal monthly installments from October 6, 2026, with remaining balance due no later than August 6, 2027
Renewal date
2027-08-06
Renewal
Single-term revenue anticipation note with eleven monthly installments beginning October 6, 2026 and final maturity no later than August 6, 2027; no renewals or extensions are provided, though the City may prepay without penalty and the note may be amended by supplemental resolutions under specified conditions.
Document type
Agenda
Source document
Nome Common Council Agenda 2026-08-24

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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 Nome?

Northrim Bank was awarded this financial services contract by City of Nome, as recorded on August 24, 2026. The contract value is Not to exceed $8,600,000.00.

How much is the Northrim Bank contract with City of Nome worth?

The Northrim Bank contract with City of Nome is valued at Not to exceed $8,600,000.00, 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 Nome Common Council Agenda 2026-08-24 (Agenda), dated August 24, 2026 from City of Nome. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Northrim Bank hold?

Northrim 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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