Civic IQ
FINANCIAL_SERVICESPENDING

City Seeks SIB Loan for Route 682 Project

Athens City Council is authorizing the Service-Safety Director to apply for and enter into a State Infrastructure Bank loan agreement up to $499,000 to finance the State Route 682 Major Rehabilitation Project. The zero‑interest loan will be repaid from the Small Cities ODOT Fund over a term of five years or less.

Document date · August 15, 2026

Issuing agencyTown of AthensVendorState Infrastructure Bank (sib)

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TerraCycle logo
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WithersRavenel logo
Derivita logo
Comcate logo
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Veritone logo
TerraCycle logo
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WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
Up to $499,000.00
Contract type
FINANCIAL_SERVICES
Contract term
Five (5) years or less, fully amortized (per SIB program)
Renewal
Small city SIB loans referenced offer zero percent interest for terms of five years or less, fully amortized; repayment source designated as Small Cities ODOT Fund 589. No explicit renewal or extension options are mentioned.
Document type
AgendaPacket
Source document
Athens City Council AgendaPacket 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 Town of Athens?

State Infrastructure Bank (sib) was awarded this financial services contract by Town of Athens, as recorded on August 15, 2026. The contract value is Up to $499,000.00.

How much is the State Infrastructure Bank (sib) contract with Town of Athens worth?

The State Infrastructure Bank (sib) contract with Town of Athens is valued at Up to $499,000.00, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Athens City Council AgendaPacket 2026-08-17 (AgendaPacket), dated August 15, 2026 from Town of Athens. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does State Infrastructure Bank (sib) hold?

State Infrastructure Bank (sib) 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 State Infrastructure Bank (sib)'s profile

What is Town of Athens currently buying?

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