California Enterprise Development Authority AgendaPacket 2026-06-18
Farmers and Merchants Bank to Finance Legacy Fund Loan
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Description
CEDA approved Farmers and Merchants Bank of Long Beach as the private placement lender for up to $36.28 million in tax‑exempt Authority Loans supporting The Legacy Fund’s educational facilities in Santa Ana. The bank’s loans to CEDA will be repaid entirely from borrower payments under the conduit loan structure.
Contract Details
Contract Amount
Not to exceed $36,280,000.00
Vendor
FARMERS AND MERCHANTS BANK OF LONG BEACH
Agency
California Enterprise Development Authority, CA
Contract Type
FINANCIAL_SERVICES
Document Date
June 18, 2026
Issuing Agency
California Enterprise Development Authority
Special District
Sacramento, CA
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