FINANCIAL_SERVICESAPPROVED

City of Monticello Awards Financial Services Contract to National Bank of Commerce (April 2026)

The EDA will use National Bank of Commerce as escrow agent to administer the $50,000 façade loan to Kustom Blinds & Draperies, Inc., releasing funds as project costs are verified. The escrow structure ensures program compliance and proper use of loan proceeds.

Status
APPROVED
Document date
April 22, 2026
Contract type
FINANCIAL_SERVICES
Vendor
National Bank of Commerce
Agency
City of Monticello · MN

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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
$50,000 escrowed loan proceeds
Contract type
FINANCIAL_SERVICES
Contract term
Escrow holds loan proceeds until project completion; final disbursement required within six months of escrow agreement date
Renewal
Escrow agreement terminates upon full disbursement of proceeds or earlier mutual agreement; any undisbursed balance reverts to the EDA.
Document type
AgendaPacket
Source document
City of Monticello EDA Regular Meeting Agenda Packet April 2026

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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 Monticello?

National Bank of Commerce was awarded this financial services contract by City of Monticello, as recorded on April 22, 2026. The contract value is $50,000 escrowed loan proceeds.

How much is the National Bank of Commerce contract with City of Monticello worth?

The National Bank of Commerce contract with City of Monticello is valued at $50,000 escrowed loan proceeds, 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 City of Monticello EDA Regular Meeting Agenda Packet April 2026 (AgendaPacket), dated April 22, 2026 from City of Monticello. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does National Bank of Commerce hold?

National Bank of Commerce may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View National Bank of Commerce's profile

What is City of Monticello currently buying?

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

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