City Discusses 7-Year Sewer Loan Terms with Bank
City of ColumbusCity · IA- Disclosed value
- Monthly payment $1,422.39 at 4.8% interest for 7-year term (balloon)
- From minutes
- Document date
- May 13, 2026
The 30-second brief
Wapello officials discussed refinancing an existing sewer-related loan with Washington State Bank into a 7-year balloon structure at 4.8% interest and $1,422.39 monthly payments. No formal council action on the new terms is recorded in these minutes.
Washington State Bank holds this financial services contract with City of Columbus. Its other public contracts on record include work for St. Landry Parish and Kirkwood Community College.
Term as filed: 7-year loan with balloon payment; monthly payment $1,422.39 at 4.8% interest.
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Contract details
- Contract type
- Financial Services
- Amount
- Monthly payment $1,422.39 at 4.8% interest for 7-year term (balloon)
- Document date
- May 13, 2026
- Term
- 7-year loan with balloon payment; monthly payment $1,422.39 at 4.8% interest
- Vendor
- Washington State Bank
- Agency
- City of Columbus
- Source document
- City of Wapello Regular Council Meeting Minutes May 13 2026 (Minutes)
Washington State Bank's other public contracts
More City of Columbus contracts
Questions about this contract
Who was awarded the financial services contract by City of Columbus?
Washington State Bank was awarded this financial services contract by City of Columbus, as recorded on May 13, 2026. The contract value is Monthly payment $1,422.39 at 4.8% interest for 7-year term (balloon).
How much is the Washington State Bank contract with City of Columbus worth?
The Washington State Bank contract with City of Columbus is valued at Monthly payment $1,422.39 at 4.8% interest for 7-year term (balloon), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in City of Wapello Regular Council Meeting Minutes May 13 2026 (Minutes), dated May 13, 2026 from City of Columbus. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Washington State Bank hold?
Washington 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 Columbus currently buying?
Explore City of Columbus's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.