FINANCIAL_SERVICESRECOMMENDED

AMI Financing Award Recommended to Carter Bank & Trust

City staff recommend awarding a $4,142,035, 15‑year installment purchase financing contract to Carter Bank & Trust for the Advanced Metering Infrastructure Project, with annual payments of $380,132.88 at an interest rate not to exceed 4.29%. A findings resolution authorizes the Finance Officer to seek Local Government Commission approval for the financing.

Status
RECOMMENDED
Document date
May 19, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Carter Bank & Trust
Agency
City of Eden · NC

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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
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
$4,142,035
Contract type
FINANCIAL_SERVICES
Contract term
15 years, annual payments of $380,132.88 at an interest rate not to exceed 4.29%
Renewal
Single 15‑year installment purchase; no prepayment penalty; no renewal terms described.
Document type
AgendaPacket
Source document
Eden City Council AgendaPacket 2026-05-19

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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 Eden?

Carter Bank & Trust was awarded this financial services contract by City of Eden, as recorded on May 19, 2026. The contract value is $4,142,035.

How much is the Carter Bank & Trust contract with City of Eden worth?

The Carter Bank & Trust contract with City of Eden is valued at $4,142,035, 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 Eden City Council AgendaPacket 2026-05-19 (AgendaPacket), dated May 19, 2026 from City of Eden. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Carter Bank & Trust hold?

Carter Bank & Trust 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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What is City of Eden currently buying?

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

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