City Plans Kingman Street Bond via VT Municipal Bank
City of St. AlbansCity · Saint Albans, VT- Disclosed value
- $1,000,000 principal (estimated interest cost $375,578)
- From agenda
- Document date
- Feb 22, 2021
- Term
- 20 years at an estimated 3.25% interest
The 30-second brief
St. Albans plans to issue a $1,000,000 general obligation bond through the VT Municipal Bond Bank to finance a portion of the Kingman Street streetscape project if voters approve the bond. The bond would carry an estimated 20-year term at 3.25% interest and complement interim line-of-credit financing.
Vt Municipal Bond Bank holds this financial services contract with City of St. Albans. Its other public contracts on record include work for City of Rutland and Town of Newbury.
Term as filed: 20 years at an estimated 3.25% interest.
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Contract details
- Contract type
- Financial Services
- Amount
- $1,000,000 principal (estimated interest cost $375,578)
- Document date
- February 22, 2021
- Term
- 20 years at an estimated 3.25% interest
- Vendor
- Vt Municipal Bond Bank
- Agency
- City of St. Albans
- Source document
- city-of-st-albans-agenda-2021-02-22_eed.pdf (Agenda)
Vt Municipal Bond Bank's other public contracts
More City of St. Albans contracts
Questions about this contract
Who was awarded the financial services contract by City of St. Albans?
Vt Municipal Bond Bank was awarded this financial services contract by City of St. Albans, as recorded on February 22, 2021. The contract value is $1,000,000 principal (estimated interest cost $375,578).
How much is the Vt Municipal Bond Bank contract with City of St. Albans worth?
The Vt Municipal Bond Bank contract with City of St. Albans is valued at $1,000,000 principal (estimated interest cost $375,578), 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 city-of-st-albans-agenda-2021-02-22_eed.pdf (Agenda), dated February 22, 2021 from City of St. Albans. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Vt Municipal Bond Bank hold?
Vt Municipal Bond 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 St. Albans currently buying?
Explore City of St. Albans's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.