California Enterprise Development Authority Awards Financial Services Contract to Farmers & Merchants Bank of Long Beach (March 2023)
California Enterprise Development AuthorityPublic Authority · Sacramento, CA- Disclosed value
- Not to exceed $50,000,000 (Authority Loan corresponding to Borrower Loan)
- From agendapacket
- Approved
- Mar 2, 2023
The 30-second brief
The California Enterprise Development Authority authorized an Authority Loan agreement with Farmers and Merchants Bank of Long Beach to provide up to $50,000,000 in tax-exempt financing for Holocaust Museum LA. The bank will supply the loan proceeds, with borrower payments pledged to repay the Authority’s obligation.
Farmers & Merchants Bank of Long Beach holds this financial services contract with California Enterprise Development Authority. Its other public contracts on record include work for Serrano Water District and Santa Ana Unified.
See who decides the next one before it's bid.
Get pre-RFPs freeFree account · 30-second setup · No credit card
Contract details
- Contract type
- Financial Services
- Amount
- Not to exceed $50,000,000 (Authority Loan corresponding to Borrower Loan)
- Document date
- March 2, 2023
- Vendor
- Farmers & Merchants Bank of Long Beach
- Source document
- California Enterprise Development Authority Regular Meeting Agenda Packet March 2023 (AgendaPacket)
Farmers & Merchants Bank of Long Beach's other public contracts
More California Enterprise Development Authority contracts
Questions about this contract
Who was awarded the financial services contract by California Enterprise Development Authority?
Farmers & Merchants Bank of Long Beach was awarded this financial services contract by California Enterprise Development Authority, as recorded on March 2, 2023. The contract value is Not to exceed $50,000,000 (Authority Loan corresponding to Borrower Loan).
How much is the Farmers & Merchants Bank of Long Beach contract with California Enterprise Development Authority worth?
The Farmers & Merchants Bank of Long Beach contract with California Enterprise Development Authority is valued at Not to exceed $50,000,000 (Authority Loan corresponding to Borrower Loan), 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 California Enterprise Development Authority Regular Meeting Agenda Packet March 2023 (AgendaPacket), dated March 2, 2023 from California Enterprise Development Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
Show 1 more question
What is California Enterprise Development Authority currently buying?
Explore California Enterprise Development Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.