FINANCIAL_SERVICESPENDING

EverBank Proposes $2.6M Solar Lease Financing

EverBank N.A. has proposed a $2.6 million, 20-year lease financing facility to fund Donner Summit PUD's solar photovoltaic/battery project, pending further approval and due diligence.

Status
PENDING
Document date
May 20, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Everbank N.a.
Agency
Donner Summit Public Utilities District · CA

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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
Up to $2,600,000 (20-year lease financing proposal)
Contract type
FINANCIAL_SERVICES
Contract term
20 years (proposed: May 30, 2025 – June 30, 2045)
Renewal date
2045-06-30
Renewal
Pre-payment allowed at premium in years 1-6, redeemable at par from year 7. Not an automatic renewal; refinancing or new engagement would be required at term end.
Document type
StaffReport
Source document
Donner Summit Public Utility District Staff Report Agenda Item 8A May 2025

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Donner Summit Public Utilities District?

Everbank N.a. was awarded this financial services contract by Donner Summit Public Utilities District, as recorded on May 20, 2025. The contract value is Up to $2,600,000 (20-year lease financing proposal).

How much is the Everbank N.a. contract with Donner Summit Public Utilities District worth?

The Everbank N.a. contract with Donner Summit Public Utilities District is valued at Up to $2,600,000 (20-year lease financing proposal), 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 Donner Summit Public Utility District Staff Report Agenda Item 8A May 2025 (StaffReport), dated May 20, 2025 from Donner Summit Public Utilities District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Everbank N.a. hold?

Everbank N.a. 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 Everbank N.a.'s profile

What is Donner Summit Public Utilities District currently buying?

Explore Donner Summit Public Utilities District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Donner Summit Public Utilities District's profile

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