FINANCIAL_SERVICESAWARDED

Town of Covington Awards Financial Services Contract to Fountain Trust (August 2024)

Covington City Council approved a $1.5 million financing agreement with Fountain Trust to fund wastewater treatment plant upgrades, featuring 4% interest and semi-annual payments over 10 years. The selection followed review of competing bids and was adopted unanimously.

Status
AWARDED
Document date
August 5, 2024
Contract type
FINANCIAL_SERVICES
Vendor
Fountain Trust
Agency
Town of Covington · IL

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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
$1.5 million
Contract type
FINANCIAL_SERVICES
Contract term
10 years
Renewal date
2034-08-05
Renewal
Financing structured as a 10-year loan with semi-annual payments; no renewal terms described beyond the fixed term.
Document type
Meeting Minutes
Source document
town-of-covington-meeting-minutes-2024-08-05_ae6.pdf

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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 Covington?

Fountain Trust was awarded this financial services contract by Town of Covington, as recorded on August 5, 2024. The contract value is $1.5 million.

How much is the Fountain Trust contract with Town of Covington worth?

The Fountain Trust contract with Town of Covington is valued at $1.5 million, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in town-of-covington-meeting-minutes-2024-08-05_ae6.pdf (Meeting Minutes), dated August 5, 2024 from Town of Covington. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Fountain Trust hold?

Fountain Trust 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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What is Town of Covington currently buying?

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

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