FINANCIAL_SERVICESAPPROVED

Upper San Juan Library District Awards Financial Services Contract to Bank of the San Juans (August 2026)

The Upper San Juan Library District approved Resolution 2026-1 to execute a Site Lease and Lease Purchase Agreement with Bank of the San Juans at 4.48% interest, financing the Ruby M. Sisson Library capital project. The deal calls for roughly $133,000 in annual payments over ten years with no penalty for early payoff and annual renewal tied to the budgeting process.

Status
APPROVED
Document date
August 19, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Bank of the San Juans
Agency
Upper San Juan Library District · CO

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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
Approximately $1,330,000 total principal (annual payment ~$133,000 for 10 years; Site Lease rent $1,055,000)
Contract type
FINANCIAL_SERVICES
Contract term
Approximately 10 years, with first payment due February 2027 and annual renewal period aligned with the Ruby Sisson Library budgeting process
Renewal date
2037-02-01
Renewal
Lease includes an annual renewal period each year in conjunction with the library’s budgeting process, with no prepayment penalty and the option to retire the obligation early; the Site Lease terminates upon full payment or by August 1, 2046 at the latest.
Document type
Agenda
Source document
Upper San Juan Library District Agenda 2026-08-19

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Upper San Juan Library District?

Bank of the San Juans was awarded this financial services contract by Upper San Juan Library District, as recorded on August 19, 2026. The contract value is Approximately $1,330,000 total principal (annual payment ~$133,000 for 10 years; Site Lease rent $1,055,000).

How much is the Bank of the San Juans contract with Upper San Juan Library District worth?

The Bank of the San Juans contract with Upper San Juan Library District is valued at Approximately $1,330,000 total principal (annual payment ~$133,000 for 10 years; Site Lease rent $1,055,000), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Upper San Juan Library District Agenda 2026-08-19 (Agenda), dated August 19, 2026 from Upper San Juan Library District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bank of the San Juans hold?

Bank of the San Juans 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 Bank of the San Juans's profile

What is Upper San Juan Library District currently buying?

Explore Upper San Juan Library District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Upper San Juan Library District's profile

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