City Considers Line of Credit with Regions Finance
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Description
The City of Punta Gorda reviewed a resolution to approve a revolving line of credit agreement with Regions Commercial Equipment Finance, LLC for interim financing of water and sewer capital improvements. The line of credit will be repaid from pledged non-ad valorem revenues through issuance of a corresponding revenue note.
Contract Details
Vendor
REGIONS COMMERCIAL EQUIPMENT FINANCE LLC
Agency
City of Punta Gorda, FL
Contract Type
FINANCIAL_SERVICES
Document Date
April 20, 2026
Renewal Info
Initial revolving line of credit agreement and revenue note; renewal or extension terms are not detailed in the minutes.
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