Village Weighs Extension of Peak Storage Letter of Credit

The Village of Winnebago holds a $37,570.50 Irrevocable Standby Letter of Credit from Peak Storage LLC to guarantee Kasch Drive improvements, currently extended through September 18, 2026. The Committee is discussing whether to further renew or extend the credit due to infrastructure-related delays.

Scope & details

The full contract record, as filed.

Contract amount

$37,570.50

Contract type

FINANCIAL_SERVICES

Contract term

September 18, 2024 – September 18, 2026 (current extension)

Renewal date

2026-09-18

Renewal

Original Letter of Credit commenced September 18, 2024 for one year and was extended by mutual agreement to September 18, 2026; further renewal or extension beyond that date is under Committee discussion.

Document type

Agenda

Source document

Village of Winnebago Committee of the Whole Agenda 2026-08-19

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Winnebago Village Agenda 2026-08-16

DISCUSSED

Winnebago village, IllinoisAug 16, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Winnebago village?

Peak Storage Llc was awarded this financial services contract by Winnebago village, as recorded on August 17, 2026. The contract value is $37,570.50.

How much is the Peak Storage Llc contract with Winnebago village worth?

The Peak Storage Llc contract with Winnebago village is valued at $37,570.50, 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 Village of Winnebago Committee of the Whole Agenda 2026-08-19 (Agenda), dated August 17, 2026 from Winnebago village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Peak Storage Llc hold?

Peak Storage Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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