FINANCIAL_SERVICESAMENDED

Town Partially Releases Canandaigua National Bank Letter of Credit

The Town of Victor authorized a partial release of an Irrevocable Letter of Credit issued by Canandaigua National Bank for the Blumont Rise Subdivision, freeing $119,806.50 while retaining $86,063.50 as maintenance surety. The action follows engineering review and acceptance of streets and utilities for dedication.

Status
AMENDED
Document date
August 24, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Canandaigua National Bank
Agency
Town of Victor · NY

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$119,806.50 (release amount), $86,063.50 (remaining maintenance surety)
Contract type
FINANCIAL_SERVICES
Renewal
Existing letter of credit remains in effect with a reduced balance of $86,063.50 serving as maintenance surety until conditions for final release are met.
Document type
AgendaPacket
Source document
Town of Victor AgendaPacket Meeting Agenda and Resolutions 2026-08-24

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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 Victor?

Canandaigua National Bank was awarded this financial services contract by Town of Victor, as recorded on August 24, 2026. The contract value is $119,806.50 (release amount), $86,063.50 (remaining maintenance surety).

How much is the Canandaigua National Bank contract with Town of Victor worth?

The Canandaigua National Bank contract with Town of Victor is valued at $119,806.50 (release amount), $86,063.50 (remaining maintenance surety), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Town of Victor AgendaPacket Meeting Agenda and Resolutions 2026-08-24 (AgendaPacket), dated August 24, 2026 from Town of Victor. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Canandaigua National Bank hold?

Canandaigua National 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.

View Canandaigua National Bank's profile

What is Town of Victor currently buying?

Explore Town of Victor's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Town of Victor's profile

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