Ottawa Plans IRB Financing for Kansas State Bank Project
City of OttawaCity · Ottawa, KS- Disclosed value
- Approximately $4,000,000 (principal amount of Taxable Industrial Revenue Bonds); estimated project budget $4,220,879; estimated sales tax cost reduction $164,730
- From agendapacket
- Document date
- Aug 17, 2026
- Renews
- Free account
The 30-second brief
The City of Ottawa is moving forward with plans to issue approximately $4 million in Taxable Industrial Revenue Bonds to support Kansas State Bank's acquisition and full rehabilitation of a banking facility at 122 W. Tecumseh Street. The project is structured to provide a sales tax exemption on construction materials and labor, lowering project costs and supporting expanded office and storage space for the bank.
Kansas State Bank holds this financial services contract with City of Ottawa. Its other public contracts on record include work for Town of Quartzsite and East Moline SD 37.
The renewal date is on record. A free account shows it, with the renewals for every City of Ottawa contract.
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Contract details
- Contract type
- Financial Services
- Amount
- Approximately $4,000,000 (principal amount of Taxable Industrial Revenue Bonds); estimated project budget $4,220,879; estimated sales tax cost reduction $164,730
- Document date
- August 17, 2026
- Term
- Resolution effective upon adoption and remaining in effect until December 31, 2028; project expected to add 7 employees over 10 years
- Renews
- Free account
- Vendor
- Kansas State Bank
- Agency
- City of Ottawa
- Source document
- City of Ottawa Regular Meeting Agenda Packet 2026-08-19 (AgendaPacket)
Kansas State Bank's other public contracts
More City of Ottawa contracts
Questions about this contract
Who was awarded the financial services contract by City of Ottawa?
Kansas State Bank was awarded this financial services contract by City of Ottawa, as recorded on August 17, 2026. The contract value is Approximately $4,000,000 (principal amount of Taxable Industrial Revenue Bonds); estimated project budget $4,220,879; estimated sales tax cost reduction $164,730.
How much is the Kansas State Bank contract with City of Ottawa worth?
The Kansas State Bank contract with City of Ottawa is valued at Approximately $4,000,000 (principal amount of Taxable Industrial Revenue Bonds); estimated project budget $4,220,879; estimated sales tax cost reduction $164,730, 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 Ottawa Regular Meeting Agenda Packet 2026-08-19 (AgendaPacket), dated August 17, 2026 from City of Ottawa. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Kansas State Bank hold?
Kansas State 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.
What is City of Ottawa currently buying?
Explore City of Ottawa's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.