City of Trenton AgendaPacket Commission Meeting 2026-06-08
City Approves $2.8M Loan From Seacoast National Bank
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Description
The City of Trenton Commission approved a loan agreement with Seacoast National Bank for up to $2,800,000 to finance city street repaving. The loan is for 20 years with no pre-payment penalty, awarded on May 11, 2026.
Contract Details
Contract Amount
Not to exceed $2,800,000
Vendor
SEACOAST NATIONAL BANK
Agency
City of Trenton, FL
Contract Type
FINANCIAL_SERVICES
Document Date
June 8, 2026
Contract Term
20 years
Renewal Date
2046-05-11
Renewal Info
20-year term loan; no pre-payment penalty; bank qualified obligation.
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