FINANCIAL_SERVICESPENDING

Letter of Credit to Secure Public Improvements

Under the development improvements agreement for 242-256 Main Street, the Developer is required to secure a $151,167.50 unconditional, irrevocable letter of credit from a qualified commercial bank to guarantee completion of public improvements through at least October 31, 2028, with automatic annual renewals.

Status
PENDING
Document date
August 25, 2026
Contract type
FINANCIAL_SERVICES
Vendor
BANK
Agency
Town of Carbondale · CO

Trusted by teams at

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
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
$151,167.50
Contract type
FINANCIAL_SERVICES
Contract term
At least one year, or 30 days after October 31, 2028 completion deadline, with automatic one-year extensions unless non-renewal notice is given 90 days prior to expiration
Renewal date
2028-11-30
Renewal
Letter of credit must remain effective for at least one year or 30 days beyond the October 31, 2028 completion deadline and provides for automatic one-year extensions unless the Bank gives at least 90 days’ prior written notice of non-renewal to the Town.
Document type
Agreement
Source document
Town of Carbondale Development Improvements Agreement 242-256 Main Street Mixed-Use Project 2026-08-25

Related contracts

Other contracts from BANK.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

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

BANK was awarded this financial services contract by Town of Carbondale, as recorded on August 25, 2026. The contract value is $151,167.50.

How much is the BANK contract with Town of Carbondale worth?

The BANK contract with Town of Carbondale is valued at $151,167.50, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Town of Carbondale Development Improvements Agreement 242-256 Main Street Mixed-Use Project 2026-08-25 (Agreement), dated August 25, 2026 from Town of Carbondale. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does BANK hold?

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.

View BANK's profile

What is Town of Carbondale currently buying?

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

View Town of Carbondale's profile

Bring us your territory.
We'll show you what is forming.

B2G and SLED sales intelligence. Surface government procurement signals from 80,000+ state, local, and education agencies months before the RFP.

Try Civic IQ for free