Town of Hudson Awards $557,098 Financial Services Contract to Enterprise Bank (July 2026)

Enterprise Bank provided a $557,098.03 irrevocable standby letter of credit to the Town of Hudson as a performance bond guaranteeing completion of water and sewer and related improvements for the Heritage Landing project. The credit was issued for a 24‑month term beginning January 10, 2022, with automatic draw provisions if improvements were not completed by January 10, 2024.

Scope & details

The full contract record, as filed.

Contract amount

$557,098.03

Contract type

FINANCIAL_SERVICES

Contract term

24 months from January 10, 2022 to January 10, 2024

Renewal date

2024-01-10

Renewal

Initial term of 24 months from issuance on January 10, 2022, with automatic call and payment to the Town if improvements were not certified complete by January 10, 2024. No explicit renewal options are described.

Document type

StaffReport

Source document

Town of Hudson StaffReport Bond Release Request Heritage Landing Water & Sewer Construction 2026-07-22

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Hudson?

Enterprise Bank was awarded this financial services contract by Town of Hudson, as recorded on July 17, 2026. The contract value is $557,098.03.

How much is the Enterprise Bank contract with Town of Hudson worth?

The Enterprise Bank contract with Town of Hudson is valued at $557,098.03, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a staffreport record.

Where was this contract approved?

This contract appears in Town of Hudson StaffReport Bond Release Request Heritage Landing Water & Sewer Construction 2026-07-22 (StaffReport), dated July 17, 2026 from Town of Hudson. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Enterprise Bank hold?

Enterprise 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.

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