Bank of Utah terms for electric revenue bond
Town of BeaverCity · KS- Disclosed value
- Not more than $2,200,000 (electric revenue bond); annual payments just under $210,000 at 5% interest
- From minutes
- Document date
- Feb 10, 2025
- Term
- 15-year amortization
- Renews
- Free account
The 30-second brief
Beaver City discussed financing terms from Bank of Utah for a proposed $2.2 million electric revenue bond to match a DOE grant for hydro plant improvements. The bank offered a 15-year amortization at 5% interest, with annual payments just under $210,000.
Bank of Utah holds this financial services contract with Town of Beaver. Its other public contracts on record include work for Central Weber Sewer Improvement District and Davinci Academy.
The renewal date is on record. A free account shows it, with the renewals for every Town of Beaver contract.
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Contract details
- Contract type
- Financial Services
- Amount
- Not more than $2,200,000 (electric revenue bond); annual payments just under $210,000 at 5% interest
- Document date
- February 10, 2025
- Term
- 15-year amortization
- Renews
- Free account
- Vendor
- Bank of Utah
- Agency
- Town of Beaver
- Source document
- town-of-beaver-council-minutes-electric-sewer-revenue-bonds-feb-10-2025_63e.md (Minutes)
Bank of Utah's other public contracts
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Questions about this contract
Who was awarded the financial services contract by Town of Beaver?
Bank of Utah was awarded this financial services contract by Town of Beaver, as recorded on February 10, 2025. The contract value is Not more than $2,200,000 (electric revenue bond); annual payments just under $210,000 at 5% interest.
How much is the Bank of Utah contract with Town of Beaver worth?
The Bank of Utah contract with Town of Beaver is valued at Not more than $2,200,000 (electric revenue bond); annual payments just under $210,000 at 5% 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 town-of-beaver-council-minutes-electric-sewer-revenue-bonds-feb-10-2025_63e.md (Minutes), dated February 10, 2025 from Town of Beaver. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Bank of Utah hold?
Bank of Utah 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 Town of Beaver currently buying?
Explore Town of Beaver's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.