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FINANCIAL_SERVICESAPPROVED

City of Sandy Awards Financial Services Contract to Clackamas County Bank (June 2026)

The Sandy City Council approved Resolution 2026-11 extending the Sandy Library renovation loan with Clackamas County Bank, refinancing the remaining $397,738.32 over a new five-year term at a fixed 4.75% interest rate. This action avoids a balloon payment due July 1, 2026 and maintains semi-annual debt service around $24,920.

Document date · June 8, 2026

Issuing agencyCity of SandyVendorClackamas County Bank

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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
$397,738.32 balloon balance; semi-annual payment about $24,920 at 4.75%
Contract type
FINANCIAL_SERVICES
Contract term
5-year term beginning July 1, 2026
Renewal date
2031-07-01
Renewal
Original 2011 tax-exempt loan for $800,000 has been refinanced approximately every five years via Resolutions 2016-09 and 2021-12; Resolution 2026-11 executes another five-year extension at 4.75% interest to avoid a July 1, 2026 balloon payment.
Document type
AgendaPacket
Source document
City of Sandy AgendaPacket 2026-06-08

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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 Sandy?

Clackamas County Bank was awarded this financial services contract by City of Sandy, as recorded on June 8, 2026. The contract value is $397,738.32 balloon balance; semi-annual payment about $24,920 at 4.75%.

How much is the Clackamas County Bank contract with City of Sandy worth?

The Clackamas County Bank contract with City of Sandy is valued at $397,738.32 balloon balance; semi-annual payment about $24,920 at 4.75%, 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 Sandy AgendaPacket 2026-06-08 (AgendaPacket), dated June 8, 2026 from City of Sandy. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Clackamas County Bank hold?

Clackamas County 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.

View Clackamas County Bank's profile

What is City of Sandy currently buying?

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

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