Village Releases Carrolton Bank Subdivision Letters of Credit

The Village of Chatham approved the release of one Carrolton Bank letter of credit and partial reduction of another supporting Manor Hill II Phase 2 subdivision infrastructure. LOC 499604 for $185,000.00 is fully released, and LOC 499607 is reduced from $159,000.00 to $61,000.00, with the remaining amount covering sidewalk work in the public right-of-way.

Document date · July 1, 2023

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Scope & details

The full contract record, as filed.

Contract amount

LOC 499604: $185,000.00; LOC 499607: $159,000.00 reduced to $61,000.00

Contract type

FINANCIAL_SERVICES

Renewal

Resolution authorizes full release of LOC 499604 and partial release of LOC 499607, leaving a remaining $61,000.00 in LOC 499607 to cover outstanding sidewalk work; no renewal terms specified.

Document type

Resolution

Source document

Village of Chatham Resolution Releasing Letter of Credit for Manor Hill II Phase 2 2023-07-01

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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 Chatham?

Carrolton Bank was awarded this financial services contract by Town of Chatham, as recorded on July 1, 2023. The contract value is LOC 499604: $185,000.00; LOC 499607: $159,000.00 reduced to $61,000.00.

How much is the Carrolton Bank contract with Town of Chatham worth?

The Carrolton Bank contract with Town of Chatham is valued at LOC 499604: $185,000.00; LOC 499607: $159,000.00 reduced to $61,000.00, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Village of Chatham Resolution Releasing Letter of Credit for Manor Hill II Phase 2 2023-07-01 (Resolution), dated July 1, 2023 from Town of Chatham. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Carrolton Bank hold?

Carrolton 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.

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