Village Seeks ODOT SIB Loan For 571 Bridge

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $800,000

Contract type

FINANCIAL_SERVICES

Contract term

Up to 20 years; illustrative amortizations shown for 10, 15, or 20 years at 3%

Renewal date

2047-12-31

Renewal

Financing term options evaluated at 10, 15, and 20 years with annual payments ranging from approximately $39,593 to $68,990 at 3% interest; final term to be set at loan closing.

Document type

Agenda

Source document

West Milton Council Agenda 2025-06-10

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AMENDED

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APPROVED

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City of Forest Park, OhioNov 21, 2022

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by West Milton village?

Ohio Department of Transportation State Infrastructure Bank was awarded this financial services contract by West Milton village, as recorded on June 10, 2025. The contract value is Not to exceed $800,000.

How much is the Ohio Department of Transportation State Infrastructure Bank contract with West Milton village worth?

The Ohio Department of Transportation State Infrastructure Bank contract with West Milton village is valued at Not to exceed $800,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in West Milton Council Agenda 2025-06-10 (Agenda), dated June 10, 2025 from West Milton village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Ohio Department of Transportation State Infrastructure Bank hold?

Ohio Department of Transportation State Infrastructure 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 Ohio Department of Transportation State Infrastructure Bank's profile

What is West Milton village currently buying?

Explore West Milton village's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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