Committee Discusses Park State Bank Loan Scenarios
Town of Silver CreekCity · MN- Disclosed value
- Approximately $147,113.51 annual payments for 15 years at 5.265%; approximately $123,083.13 annual payments for 20 years at 5.265%
- From minutes
- Document date
- Sep 29, 2026
- Term
- 15 years or 20 years, fully amortized
The 30-second brief
The committee discussed financing scenarios from Park State Bank for the Old Town Hall restoration project. Examples showed fully amortized 15-year and 20-year loans at a 5.265% annual interest rate.
Park State Bank holds this financial services contract with Town of Silver Creek. Its other public contracts on record include work for City of Keewatin and THE HRA OF HIBBING, MINNESOTA.
Term as filed: 15 years or 20 years, fully amortized.
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Contract details
- Contract type
- Financial Services
- Amount
- Approximately $147,113.51 annual payments for 15 years at 5.265%; approximately $123,083.13 annual payments for 20 years at 5.265%
- Document date
- September 29, 2026
- Term
- 15 years or 20 years, fully amortized
- Vendor
- Park State Bank
- Agency
- Town of Silver Creek
- Source document
- Town of Silver Creek Minutes Hall Restoration Committee Meeting 2026-09-29 (Minutes)
Park State Bank's other public contracts
More Town of Silver Creek contracts
Questions about this contract
Who was awarded the financial services contract by Town of Silver Creek?
Park State Bank was awarded this financial services contract by Town of Silver Creek, as recorded on September 29, 2026. The contract value is Approximately $147,113.51 annual payments for 15 years at 5.265%; approximately $123,083.13 annual payments for 20 years at 5.265%.
How much is the Park State Bank contract with Town of Silver Creek worth?
The Park State Bank contract with Town of Silver Creek is valued at Approximately $147,113.51 annual payments for 15 years at 5.265%; approximately $123,083.13 annual payments for 20 years at 5.265%, 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 Silver Creek Minutes Hall Restoration Committee Meeting 2026-09-29 (Minutes), dated September 29, 2026 from Town of Silver Creek. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Park State Bank hold?
Park State 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.
What is Town of Silver Creek currently buying?
Explore Town of Silver Creek's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.