Morton village Awards Financial Services Contract to Better Banks (October 2026)
Morton villageCity · Morton, IL- Disclosed value
- $7,500,000 promissory note at 4.10% interest
- From minutes
- Approved
- Oct 19, 2026
- Term
- 10 years
- Renews
- Free account
The 30-second brief
The Village of Morton approved a $7.5 million promissory note with Better Banks to finance construction of the Queenwood Road Fire Station. The note carries 4.10% interest over 10 years with no prepayment penalty.
Better Banks holds this financial services contract with Morton village. Its other public contracts on record include work for Dunlap Public Library District and Dunlap village.
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Contract details
- Contract type
- Financial Services
- Amount
- $7,500,000 promissory note at 4.10% interest
- Document date
- October 19, 2026
- Term
- 10 years
- Renews
- On record
- Vendor
- Better Banks
- Agency
- Morton village
- Source document
- Village of Morton Minutes Regular Meeting 2026-10-19 (Minutes)
Better Banks's other public contracts
More Morton village contracts
Questions about this contract
Who was awarded the financial services contract by Morton village?
Better Banks was awarded this financial services contract by Morton village, as recorded on October 19, 2026. The contract value is $7,500,000 promissory note at 4.10% interest.
How much is the Better Banks contract with Morton village worth?
The Better Banks contract with Morton village is valued at $7,500,000 promissory note at 4.10% interest, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Village of Morton Minutes Regular Meeting 2026-10-19 (Minutes), dated October 19, 2026 from Morton village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Better Banks hold?
Better Banks 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 Morton village currently buying?
Explore Morton village's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.