Town of Monterey Awards Financial Services Contract to One Bank of Tennessee (February 2022)
Town of MontereyCity · Monterey, TN- Disclosed value
- $6,000,000 at 1.85% interest, closing costs not to exceed $1,000
- From meeting minutes
- Approved
- Feb 7, 2022
The 30-second brief
The Town of Monterey approved conditional interim financing with One Bank of Tennessee for up to $6,000,000 at 1.85% interest, provided closing costs do not exceed $1,000. The motion includes a contingency to use an alternate bank if closing costs are higher.
One Bank of Tennessee holds this financial services contract with Town of Monterey. Its other public contracts on record include work for City of Crossville and City of Baxter Springs.
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Contract details
- Contract type
- Financial Services
- Amount
- $6,000,000 at 1.85% interest, closing costs not to exceed $1,000
- Document date
- February 7, 2022
- Vendor
- One Bank of Tennessee
- Agency
- Town of Monterey
- Source document
- town-of-monterey-meeting-minutes-2022-02-07_f03.pdf (Meeting Minutes)
One Bank of Tennessee's other public contracts
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Questions about this contract
Who was awarded the financial services contract by Town of Monterey?
One Bank of Tennessee was awarded this financial services contract by Town of Monterey, as recorded on February 7, 2022. The contract value is $6,000,000 at 1.85% interest, closing costs not to exceed $1,000.
How much is the One Bank of Tennessee contract with Town of Monterey worth?
The One Bank of Tennessee contract with Town of Monterey is valued at $6,000,000 at 1.85% interest, closing costs not to exceed $1,000, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a meeting minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in town-of-monterey-meeting-minutes-2022-02-07_f03.pdf (Meeting Minutes), dated February 7, 2022 from Town of Monterey. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does One Bank of Tennessee hold?
One Bank of Tennessee may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Town of Monterey currently buying?
Explore Town of Monterey's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.