City Finalizes Bond & Credit Line with Pontiac Bank

The City of Delavan finalized a bond with Pontiac Bank to fund the Lagoon Project and established a line of credit as backup while awaiting tax revenue. Both financial arrangements are intended to support near‑term capital and cash flow needs.

Document date · July 7, 2026

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Document type

Minutes

Source document

Delavan City Council Minutes 2026-07-07

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Delavan Ayer Public Library District?

Pontiac Bank was awarded this financial services contract by Delavan Ayer Public Library District, as recorded on July 7, 2026.

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 Delavan City Council Minutes 2026-07-07 (Minutes), dated July 7, 2026 from Delavan Ayer Public Library District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Pontiac Bank hold?

Pontiac 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.

View Pontiac Bank's profile

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