Civic IQ
FINANCIAL_SERVICESONGOING

Bank Issues Letter of Credit for Subdivision Work

American Bank of Freedom has provided a $176,534 irrevocable letter of credit securing DGH Holdings, LLC’s construction of required public improvements for the Elbert Street Subdivision. The letter of credit will be amended to align with the new subdivision agreement and extend past the August 11, 2028 completion deadline.

Document date · August 11, 2026

Issuing agencyTown of ElizabethVendorAmerican Bank of Freedom

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Veritone logo
TerraCycle logo
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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
$176,534
Contract type
FINANCIAL_SERVICES
Renewal
Letter of credit to be amended post‑agreement execution to name DGH Holdings, LLC, reference the subdivision agreement, and set an expiry date beyond August 11, 2028; subject to review and approval by the Town Attorney.
Document type
AgendaPacket
Source document
Town of Elizabeth Agenda Packet 2026-08-11

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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 Elizabeth?

American Bank of Freedom was awarded this financial services contract by Town of Elizabeth, as recorded on August 11, 2026. The contract value is $176,534.

How much is the American Bank of Freedom contract with Town of Elizabeth worth?

The American Bank of Freedom contract with Town of Elizabeth is valued at $176,534, covering financial services work.

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 Elizabeth Agenda Packet 2026-08-11 (AgendaPacket), dated August 11, 2026 from Town of Elizabeth. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does American Bank of Freedom hold?

American Bank of Freedom 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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