FINANCIAL_SERVICESAPPROVED

City of Desert Hot Springs Awards Financial Services Contract to Wilmington Trust National Association (June 2026)

The City of Desert Hot Springs, acting for CFD No. 2025-1, approved a Bond Indenture appointing Wilmington Trust, National Association as trustee for the 2026 Special Tax Bonds, with services funded from bond proceeds and ongoing special tax revenues. Wilmington Trust will administer debt service payments and related fiduciary duties for the life of the issue.

Status
APPROVED
Document date
June 2, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Wilmington Trust National Association
Agency
City of Desert Hot Springs · CA

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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
$2,000 annually (trustee fee; additional costs of issuance not itemized)
Contract type
FINANCIAL_SERVICES
Contract term
From June 1, 2026 through final bond maturity, expected September 1, 2056
Renewal date
2056-09-01
Renewal
Trustee engagement continues automatically for the life of the bonds unless replaced under Indenture terms; annual fee of $2,000 payable each year while bonds are outstanding.
Document type
AgendaPacket
Source document
City of Desert Hot Springs AgendaPacket Regular Meeting of the City Council 2026-06-02

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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 Desert Hot Springs?

Wilmington Trust National Association was awarded this financial services contract by City of Desert Hot Springs, as recorded on June 2, 2026. The contract value is $2,000 annually (trustee fee; additional costs of issuance not itemized).

How much is the Wilmington Trust National Association contract with City of Desert Hot Springs worth?

The Wilmington Trust National Association contract with City of Desert Hot Springs is valued at $2,000 annually (trustee fee; additional costs of issuance not itemized), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Desert Hot Springs AgendaPacket Regular Meeting of the City Council 2026-06-02 (AgendaPacket), dated June 2, 2026 from City of Desert Hot Springs. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Wilmington Trust National Association hold?

Wilmington Trust National Association 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 Wilmington Trust National Association's profile

What is City of Desert Hot Springs currently buying?

Explore City of Desert Hot Springs's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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