Town of Lamberton Awards $250,000 Financial Services Contract to Frandsen Bank & Trust (September 2026)

Lamberton approved a $250,000 temporary water revenue note and loan agreement with Frandsen Bank & Trust. The financing will support municipal water utility improvements and preliminary engineering expenses through October 1, 2029.

Document date · September 14, 2026

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Scope & details

The full contract record, as filed.

Contract amount

$250,000

Contract type

FINANCIAL_SERVICES

Contract term

Note dated September 13, 2026; principal maturity October 1, 2029; interest at 4.90% annually

Renewal date

2029-10-01

Renewal

Prepayable in whole on any date at par plus accrued interest; principal maturity October 1, 2029.

Document type

Agenda

Source document

Lamberton City Council Agenda 2026-09-14

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Lamberton?

Frandsen Bank & Trust was awarded this financial services contract by Town of Lamberton, as recorded on September 14, 2026. The contract value is $250,000.

How much is the Frandsen Bank & Trust contract with Town of Lamberton worth?

The Frandsen Bank & Trust contract with Town of Lamberton is valued at $250,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Lamberton City Council Agenda 2026-09-14 (Agenda), dated September 14, 2026 from Town of Lamberton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Frandsen Bank & Trust hold?

Frandsen Bank & 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.

View Frandsen Bank & Trust's profile

What is Town of Lamberton currently buying?

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