Magnolia village Awards Financial Services Contract to Bank of Magnolia (June 2025)
Magnolia villageCity · IL- Disclosed value
- 10 year 6% loan (amount not specified)
- From minutes
- Approved
- Jun 18, 2025
- Term
- 10 years at 6% interest
The 30-second brief
The Council passed Resolution 2025-12 to enter into a 10-year, 6% interest loan with the Bank of Magnolia to fund the village sidewalk project. The resolution authorizes execution of the financing agreement, though the principal amount was not specified in the minutes.
Bank of Magnolia holds this financial services contract with Magnolia village. Its other public contracts on record include work for Canton Local Schools.
Term as filed: 10 years at 6% interest.
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Contract details
- Contract type
- Financial Services
- Amount
- 10 year 6% loan (amount not specified)
- Document date
- June 18, 2025
- Term
- 10 years at 6% interest
- Vendor
- Bank of Magnolia
- Agency
- Magnolia village
- Source document
- magnolia-village-council-meeting-minutes-june-18-2025_3d8.pdf (Minutes)
Bank of Magnolia's other public contracts
More Magnolia village contracts
Questions about this contract
Who was awarded the financial services contract by Magnolia village?
Bank of Magnolia was awarded this financial services contract by Magnolia village, as recorded on June 18, 2025. The contract value is 10 year 6% loan (amount not specified).
How much is the Bank of Magnolia contract with Magnolia village worth?
The Bank of Magnolia contract with Magnolia village is valued at 10 year 6% loan (amount not specified), 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 magnolia-village-council-meeting-minutes-june-18-2025_3d8.pdf (Minutes), dated June 18, 2025 from Magnolia village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Bank of Magnolia hold?
Bank of Magnolia may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Magnolia village currently buying?
Explore Magnolia village's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.