Town of Westminster Awards $517,000 Financial Services Contract to Oppenheimer Bank (September 2024)

The Westminster Select Board approved a $517,000 Bond Anticipation Note with Oppenheimer Bank to finance a new Fire Department tanker truck. The note carries an 8.5% interest rate and is structured to renew annually for five years.

Document date · September 9, 2024

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Scope & details

The full contract record, as filed.

Contract amount

$517,000

Contract type

FINANCIAL_SERVICES

Contract term

Renews annually for five years at 8.5%

Renewal

Bond Anticipation Note renews annually for five years at 8.5% interest. Each annual renewal will continue until the end of the five-year borrowing structure or until the debt is otherwise refinanced or retired.

Document type

Meeting Minutes

Source document

town-of-westminster-meeting-minutes-2024-09-09_54d.pdf

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approved

Town of Westminster, Massachusetts$517,000Sep 9, 2024

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Westminster?

Oppenheimer Bank was awarded this financial services contract by Town of Westminster, as recorded on September 9, 2024. The contract value is $517,000.

How much is the Oppenheimer Bank contract with Town of Westminster worth?

The Oppenheimer Bank contract with Town of Westminster is valued at $517,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in town-of-westminster-meeting-minutes-2024-09-09_54d.pdf (Meeting Minutes), dated September 9, 2024 from Town of Westminster. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Oppenheimer Bank hold?

Oppenheimer 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 Oppenheimer Bank's profile

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