City of Gainesville Agenda Gainesville Regional Utilities Authority AGENDA 2026-05-13
GRU Authority Ratifies TD Bank as Bond Remarketing Agent
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Description
The Gainesville Regional Utilities Authority will authorize remarketing of its 2023 Series C variable rate bonds and ratify TD Bank, N.A. as the remarketing agent under Resolution 2026-333. The revised financing structure is projected to save approximately $137,796 per year in interest costs.
Contract Details
Vendor
TD BANK N.A.
Agency
City of Gainesville, FL
Contract Type
FINANCIAL_SERVICES
Document Date
May 13, 2026
Renewal Info
Remarketing of 2023 Series C bonds to a non-bank affiliate, with TD Bank N.A. continuing in the role of remarketing agent. Future changes would require additional board authorization.
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