Lawrence County Commission AgendaPacket Meeting Agenda and Information 2026-06-23
Stockman Bank amends $682K credit to secure Hidden Pines
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Description
Stockman Bank of Montana issued an amended irrevocable standby letter of credit of $682,165.30 effective June 23, 2026 through May 26, 2027, securing the construction of improvements at Hidden Pines Subdivision for Security Storage & Properties LLC.
Contract Details
Contract Amount
$682,165.30
Vendor
STOCKMAN BANK OF MONTANA
Agency
Sapphire Lane Road District, SD
Contract Type
FINANCIAL_SERVICES
Document Date
June 20, 2026
Contract Term
Effective June 23, 2026 to May 26, 2027
Renewal Date
2027-05-26
Renewal Info
Amendment #2; letter of credit may be reduced to 15% warranty security upon completion, final expiration May 26, 2027 unless earlier cancelled.
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