FINANCIAL_SERVICESAPPROVED

Colorado Agricultural Development Authority | State of Colorado Awards Financial Services Contract to Bank of Colorado (June 2026)

The Colorado Agricultural Development Authority approved a $119,700 bond financing for Collin and Jayna Channell, with Bank of Colorado serving as the lending bank. The loan features a 20-year amortization and an adjustable interest rate structure tied to the 5-year FHLB.

Document date · June 18, 2026

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Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
Bond amount of $119,700
Contract type
FINANCIAL_SERVICES
Contract term
20-year amortization; initial interest rate 5.25% adjusting to 1% over 5 Yr FHLB
Renewal
Long-term bond financing; no renewal or extension terms specified beyond 20-year amortization.
Document type
Minutes
Source document
Colorado Agricultural Development Authority Minutes 2026-06-18

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Colorado Agricultural Development Authority | State of Colorado?

Bank of Colorado was awarded this financial services contract by Colorado Agricultural Development Authority | State of Colorado, as recorded on June 18, 2026. The contract value is Bond amount of $119,700.

How much is the Bank of Colorado contract with Colorado Agricultural Development Authority | State of Colorado worth?

The Bank of Colorado contract with Colorado Agricultural Development Authority | State of Colorado is valued at Bond amount of $119,700, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Colorado Agricultural Development Authority Minutes 2026-06-18 (Minutes), dated June 18, 2026 from Colorado Agricultural Development Authority | State of Colorado. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bank of Colorado hold?

Bank of Colorado 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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