Portage Lake Reinvests Equipment Reserve with Katahdin Trust
Town of Portage LakeCity · ME- Disclosed value
- $76,485.34 principal; estimated maturity value $77,858.25; estimated interest $1,372.91
- From minutes
- Document date
- Sep 25, 2026
- Renews
- Free account
The 30-second brief
Portage Lake reinvested $76,485.34 of its Public Works Equipment Reserve with Katahdin Trust Company in a six-month certificate of deposit. The CD runs through March 18, 2027, at a 3.59% interest rate.
Katahdin Trust Company holds this financial services contract with Town of Portage Lake. Its other public contracts on record include work for Town of Houlton and Town of Easton.
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Contract details
- Contract type
- Financial Services
- Amount
- $76,485.34 principal; estimated maturity value $77,858.25; estimated interest $1,372.91
- Document date
- September 25, 2026
- Term
- September 18, 2026 – March 18, 2027; six months
- Renews
- On record
- Vendor
- Katahdin Trust Company
- Agency
- Town of Portage Lake
- Source document
- Town of Portage Lake Minutes Select Board Meeting 2026-09-25 (Minutes)
Katahdin Trust Company's other public contracts
More Town of Portage Lake contracts
Questions about this contract
Who was awarded the financial services contract by Town of Portage Lake?
Katahdin Trust Company was awarded this financial services contract by Town of Portage Lake, as recorded on September 25, 2026. The contract value is $76,485.34 principal; estimated maturity value $77,858.25; estimated interest $1,372.91.
How much is the Katahdin Trust Company contract with Town of Portage Lake worth?
The Katahdin Trust Company contract with Town of Portage Lake is valued at $76,485.34 principal; estimated maturity value $77,858.25; estimated interest $1,372.91, 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 Town of Portage Lake Minutes Select Board Meeting 2026-09-25 (Minutes), dated September 25, 2026 from Town of Portage Lake. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Katahdin Trust Company hold?
Katahdin Trust Company 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 Portage Lake currently buying?
Explore Town of Portage Lake's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.