Town Advances Civic Park Loan Application With F&M Bank

The Town Council authorized the Town Manager to submit an application for an installment financing contract with F&M Bank to fund Civic Park Phase 1, with final loan approval and execution to occur at a later date. This action fulfills a Local Government Commission requirement to identify a proposed financing source without yet obligating the Town to the debt.

Document date · July 13, 2026

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Renewal

Initial authorization is only for filing an application with F&M Bank; any loan terms, including amortization or renewal provisions, will be considered in a later Council action.

Document type

AgendaPacket

Source document

Town of Granite Quarry Agenda Packet 2026-07-13

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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 Granite Quarry?

F&m Bank was awarded this financial services contract by Town of Granite Quarry, as recorded on July 13, 2026.

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 Granite Quarry Agenda Packet 2026-07-13 (AgendaPacket), dated July 13, 2026 from Town of Granite Quarry. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does F&m Bank hold?

F&m 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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