Board Asked To Approve Bank Of Commerce Loan

Elevate District staff request board approval for Elevate Academy Kuna to secure a short-term pre-development line of credit of up to $700,000 from Bank of Commerce, guaranteed by BLUUM, to cover permitting, architectural, contractor, earnest money, and due diligence costs prior to long-term financing. The loan carries a 3% interest rate with payments deferred until the project’s permanent financing closes.

Scope & details

The full contract record, as filed.

Contract amount

Up to $700,000

Contract type

FINANCIAL_SERVICES

Document type

StaffReport

Source document

Elevate District StaffReport Short-Term Pre-Development Loan 2026-07-23

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Elevate District?

Bank of Commerce was awarded this financial services contract by Elevate District, as recorded on July 23, 2026. The contract value is Up to $700,000.

How much is the Bank of Commerce contract with Elevate District worth?

The Bank of Commerce contract with Elevate District is valued at Up to $700,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Elevate District StaffReport Short-Term Pre-Development Loan 2026-07-23 (StaffReport), dated July 23, 2026 from Elevate District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bank of Commerce hold?

Bank of Commerce 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 Commerce's profile

What is Elevate District currently buying?

Explore Elevate District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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