Iowa Arts Council Awards $365,625 Financial Services Contract to Hills Bank & Trust Company (July 2026)

The Iowa Agricultural Development Division approved a $365,625 Beginning Farmer Loan Program application involving Hills Bank & Trust Company. The 30-year loan will support the purchase of approximately 57.50 acres of agricultural land in Cedar County at a 5.04% variable interest rate.

Document date · July 30, 2026

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Scope & details

The full contract record, as filed.

Contract amount

$365,625

Contract type

FINANCIAL_SERVICES

Contract term

30 years

Renewal date

2056-07-30

Renewal

30-year loan term; maturity estimated from the July 30, 2026 approval date.

Document type

Minutes

Source document

Iowa Finance Authority Minutes Board Meeting 2026-07-30

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Iowa Finance Authority Minutes Iowa Agricultural Development Division Board Meeting August 26, 2026

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Iowa Finance Authority AgendaPacket Board Meeting 2026-08-05

APPROVED

Iowa Finance Authority, Iowa$365,625Aug 5, 2026

City of Coralville Agenda 2026-06-09

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City of Coralville, Iowa$1,500,000 (principal), total payment $1,558,975 (principal + interest)Jun 9, 2026

Johnson County Board of Supervisors Agenda Packet 2026-05-28

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Johnson County, Iowa$1,238,000.00May 28, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Iowa Arts Council?

Hills Bank & Trust Company was awarded this financial services contract by Iowa Arts Council, as recorded on July 30, 2026. The contract value is $365,625.

How much is the Hills Bank & Trust Company contract with Iowa Arts Council worth?

The Hills Bank & Trust Company contract with Iowa Arts Council is valued at $365,625, covering financial services work.

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 Iowa Finance Authority Minutes Board Meeting 2026-07-30 (Minutes), dated July 30, 2026 from Iowa Arts Council. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Hills Bank & Trust Company hold?

Hills Bank & Trust Company 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 Hills Bank & Trust Company's profile

What is Iowa Arts Council currently buying?

Explore Iowa Arts Council's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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