FINANCIAL_SERVICESONGOING

City Continues Debt Service on 2018 Parking Note

Mount Dora continues its Loan Agreement with CenterState Bank, N.A. for the Capital Improvement Note, Series 2018, originally up to $4 million, financing public parking improvements at Baker Street and 3rd Avenue. The City’s outstanding liability for the parking component was $1.515 million with annual debt service of $230,000 scheduled through 2028.

Status
ONGOING
Document date
August 4, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Centerstate Bank Na
Agency
City of Mount Dora · FL

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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
Principal amount not to exceed $4,000,000; City’s total debt liability for the Parking Improvements was originally $1,515,000; annual debt service is $230,000
Contract type
FINANCIAL_SERVICES
Contract term
Debt scheduled to be paid off in 2028
Renewal date
2028-12-31
Renewal
Debt service on the 2018 Note continues until scheduled payoff in 2028; no modification to loan terms is proposed in this agenda item.
Document type
AgendaPacket
Source document
City of Mount Dora Agenda Packet 2026-08-04

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Mount Dora?

Centerstate Bank Na was awarded this financial services contract by City of Mount Dora, as recorded on August 4, 2026. The contract value is Principal amount not to exceed $4,000,000; City’s total debt liability for the Parking Improvements was originally $1,515,000; annual debt service is $230,000.

How much is the Centerstate Bank Na contract with City of Mount Dora worth?

The Centerstate Bank Na contract with City of Mount Dora is valued at Principal amount not to exceed $4,000,000; City’s total debt liability for the Parking Improvements was originally $1,515,000; annual debt service is $230,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Mount Dora Agenda Packet 2026-08-04 (AgendaPacket), dated August 4, 2026 from City of Mount Dora. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Centerstate Bank Na hold?

Centerstate Bank Na 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 Centerstate Bank Na's profile

What is City of Mount Dora currently buying?

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