Town Discusses Proposed $3 Million Town Bank Loan

The Town of Linn discussed a potential $3 million loan with Town Bank during its 2027 budget workshop. The estimated interest rate was 6%, and officials considered budgeting for additional interest because of the repayment schedule.

Document date · September 30, 2026

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Scope & details

The full contract record, as filed.

Contract amount

$3,000,000 anticipated loan

Contract type

FINANCIAL_SERVICES

Document type

Minutes

Source document

Town of Linn Minutes Special Town Board Budget Workshop Meeting 2026-09-30

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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 Linn?

Town Bank was awarded this financial services contract by Town of Linn, as recorded on September 30, 2026. The contract value is $3,000,000 anticipated loan.

How much is the Town Bank contract with Town of Linn worth?

The Town Bank contract with Town of Linn is valued at $3,000,000 anticipated loan, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Town of Linn Minutes Special Town Board Budget Workshop Meeting 2026-09-30 (Minutes), dated September 30, 2026 from Town of Linn. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Town Bank hold?

Town 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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