FINANCIAL_SERVICESAPPROVED

Pepin village Awards Financial Services Contract to Bank of Alma (August 2026)

The Village of Pepin approved a $249,000 Bank of Alma loan to finance sewer plant updates and related prior costs. The 15-year loan carries a 4.25% fixed rate for the first five years, with quarterly payments of $5,657.66 and a later rate reevaluation.

Document date · August 17, 2026

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$249,000; quarterly payments of $5,657.66 for the first five years; 4.25% fixed interest rate for the first five years
Contract type
FINANCIAL_SERVICES
Contract term
15-year repayment term, with interest rate reevaluated after the first five years
Renewal date
2041-08-17
Renewal
15-year repayment term; interest rate reevaluation after five years. Early payoff may be permitted without penalty.
Document type
Minutes
Source document
Village of Pepin Minutes Village of Pepin Board Meeting 2026-08-17

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Pepin village?

Bank of Alma was awarded this financial services contract by Pepin village, as recorded on August 17, 2026. The contract value is $249,000; quarterly payments of $5,657.66 for the first five years; 4.25% fixed interest rate for the first five years.

How much is the Bank of Alma contract with Pepin village worth?

The Bank of Alma contract with Pepin village is valued at $249,000; quarterly payments of $5,657.66 for the first five years; 4.25% fixed interest rate for the first five years, 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 Pepin Minutes Village of Pepin Board Meeting 2026-08-17 (Minutes), dated August 17, 2026 from Pepin village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bank of Alma hold?

Bank of Alma 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 Bank of Alma's profile

What is Pepin village currently buying?

Explore Pepin village's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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