Alachua County Awards Financial Services Contract to Banyan Development Group (August 2026)

Alachua County previously approved a $2,880,002 loan from Wild Spaces Public Places Infrastructure Sales Tax funds to Banyan Development Group for the Royal Park Seniors affordable senior housing development, including $460,000 designated as Local Government Area of Opportunity Funding. The loan carries a 40-year term at 1% interest-only, aligned with the project’s permanent financing.

Scope & details

The full contract record, as filed.

Contract amount

$460,000; conditional award $2,880,002.00

Contract type

FINANCIAL_SERVICES

Contract term

40-year amortization at 1% interest only, co-terminus with permanent debt

Renewal date

2065-12-31

Renewal

County loan to Banyan Development Group for Royal Park Seniors is structured on a 40-year amortization at 1% interest-only, co-terminus with permanent debt; no specific renewal or extension options are described.

Document type

Agenda

Source document

Alachua County Agenda Budget Meeting 2026-08-04

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Alachua County?

Banyan Development Group was awarded this financial services contract by Alachua County, as recorded on August 3, 2026. The contract value is $460,000; conditional award $2,880,002.00.

How much is the Banyan Development Group contract with Alachua County worth?

The Banyan Development Group contract with Alachua County is valued at $460,000; conditional award $2,880,002.00, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Alachua County Agenda Budget Meeting 2026-08-04 (Agenda), dated August 3, 2026 from Alachua County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Banyan Development Group hold?

Banyan Development Group 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 Banyan Development Group's profile

What is Alachua County currently buying?

Explore Alachua County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Alachua County's profile