FINANCIAL_SERVICESPENDING

Granby seeks $400,000 road grant credit line

The Granby Selectboard authorized the board secretary to initiate paperwork with Passumpsic Bank for a one-year $400,000 line of credit at 4.96% interest to cover upfront road grant expenses. This financial arrangement is intended to bridge funding until grant reimbursements are received.

Status
PENDING
Document date
July 28, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Passumpsic Bank
Agency
Town of Granby · VT

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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
line of credit for one year for $400,000 at 4.96% interest
Contract type
FINANCIAL_SERVICES
Contract term
One year
Renewal
One-year line of credit; renewal or extension would require future board action and bank approval.
Document type
Minutes
Source document
Granby Selectboard Minutes 2026-07-28

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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 Granby?

Passumpsic Bank was awarded this financial services contract by Town of Granby, as recorded on July 28, 2026. The contract value is line of credit for one year for $400,000 at 4.96% interest.

How much is the Passumpsic Bank contract with Town of Granby worth?

The Passumpsic Bank contract with Town of Granby is valued at line of credit for one year for $400,000 at 4.96% 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 Granby Selectboard Minutes 2026-07-28 (Minutes), dated July 28, 2026 from Town of Granby. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Passumpsic Bank hold?

Passumpsic 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 Passumpsic Bank's profile

What is Town of Granby currently buying?

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

View Town of Granby's profile

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