Town of Basalt Awards Financial Services Contract to Umb Bank N.a. (August 2026)

The Town of Basalt Council authorized UMB Bank, n.a. to serve as trustee under an Indenture of Trust, entering into a Site Lease and Lease Purchase Agreement for Certificates of Participation financing of six housing units and related capital projects. The financing terms cap principal at $2,550,000, total repayment at $3,600,000, and interest at 4.75%, with lease terms extending to 2036 and site lease to 2046.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Site Lease term ending no later than December 31, 2046; Lease term ending no later than December 31, 2036

Renewal date

2036-12-31

Renewal

Lease term must end no later than December 31, 2036 and Site Lease term no later than December 31, 2046; the Lease may be subject to optional prepayment by the Town without penalty, but there are no automatic renewal provisions.

Document type

AgendaPacket

Source document

Town of Basalt Agenda Packet 2026-08-19

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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 Basalt?

Umb Bank N.a. was awarded this financial services contract by Town of Basalt, as recorded on August 19, 2026.

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 Town of Basalt Agenda Packet 2026-08-19 (AgendaPacket), dated August 19, 2026 from Town of Basalt. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Umb Bank N.a. hold?

Umb Bank N.a. 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 Umb Bank N.a.'s profile

What is Town of Basalt currently buying?

Explore Town of Basalt's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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Town of Basalt Awards Financial Services Contract to Umb Bank N.a. (August 2026)

Scope & details

Related contracts

Frequently asked questions

Who was awarded the financial services contract by Town of Basalt?

What type of contract is this?

Where was this contract approved?

What other contracts does Umb Bank N.a. hold?

What is Town of Basalt currently buying?

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