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Spring Bay village Awards $145,000 Financial Services Contract to Morton Community Bank (March 2026)

Spring Bay village logoSpring Bay village
Disclosed value
$145,000
From minutes
Approved
Mar 11, 2026

The 30-second brief

What it covers

The Village of Spring Bay Board approved securing a $145,000, 5‑year loan from Morton Community Bank at 6.25% interest, or a lower rate if available, to finance dredging work. The motion passed unanimously.

Who holds it

Morton Community Bank holds this financial services contract with Spring Bay village. Its other public contracts on record include work for Burnet County and Tri-County Regional Planning Commission.

What happens next

Term as filed: 5 years at 6.25% interest (or lower if obtained).

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Contract details

Contract type
Financial Services
Amount
$145,000
Document date
March 11, 2026
Term
5 years at 6.25% interest (or lower if obtained)
Vendor
Morton Community Bank
Agency
Spring Bay village
Source document
Village of Spring Bay Regular Meeting Minutes 2026-03-11 (Minutes)

Morton Community Bank's other public contracts

Burnet County, TexasBurnet County Reports Morton Community Bank CD · Oct 15, 2026$248KTri-County Regional Planning Commission, IllinoisMorton Community Bank Financial Charges Recorded · Oct 7, 2026Tri-County Regional Planning Commission, IllinoisBank Signatories Approved for Morton Community Bank · Sep 21, 2026UndisclosedEast Peoria SD 86, IllinoisInvestment Proposal From Morton Community Bank Pending Approval · Sep 18, 2026UndisclosedCity of East Peoria city, IllinoisInsurance and Liability Payments to Morton Bank · Sep 1, 2026$28.9KAll Morton Community Bank contractsVendor profile

More Spring Bay village contracts

Waste ManagementVillage Reviews Waste Management Contract Renewal · May 13, 2026UndisclosedEast Peoria TireVillage Plans Tractor Tire Work at East Peoria Tire · Apr 8, 2026UndisclosedRagan CommunicationsSiren Repair Coordinated With Ragan Communications · Mar 11, 2026UndisclosedWaste ManagementVillage Reviews Upcoming Waste Management Contract Expiration · Feb 11, 2026UndisclosedAMERENSpring Bay Board Approves Utility Contract with Ameren · Dec 10, 2025UndisclosedAll Spring Bay village activityAgency profile

Questions about this contract

Who was awarded the financial services contract by Spring Bay village?

Morton Community Bank was awarded this financial services contract by Spring Bay village, as recorded on March 11, 2026. The contract value is $145,000.

How much is the Morton Community Bank contract with Spring Bay village worth?

The Morton Community Bank contract with Spring Bay village is valued at $145,000, 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 Village of Spring Bay Regular Meeting Minutes 2026-03-11 (Minutes), dated March 11, 2026 from Spring Bay village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Morton Community Bank hold?

Morton Community 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.

What is Spring Bay village currently buying?

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

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