FINANCIAL_SERVICESAPPROVED

Trabuco-Canyon Water District Awards Financial Services Contract to Banner Bank (August 2026)

Trabuco Canyon Water District approved an Installment Purchase Agreement with Banner Bank to provide a draw-down capital financing loan of up to approximately $20.5 million for water, wastewater, and recycled water capital projects. The 20‑year loan, bearing a 4.6% interest rate and callable at par, will fund CIP work over the next three years with repayment from system net revenues.

Status
APPROVED
Document date
August 8, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Banner Bank
Agency
Trabuco-Canyon Water District · CA

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$20,000,000 (principal amount not to exceed $20,500,000; estimated principal $20,500,000; estimated total payments $31,231,131)
Contract type
FINANCIAL_SERVICES
Contract term
As of August 1, 2026 through no later than July 1, 2046; draws available until June 30, 2028
Renewal date
2046-07-01
Renewal
Installment Purchase Agreement term may not extend beyond July 1, 2046; interest rate may increase to 6.600% upon an event of default. The loan is callable at par at any time without penalty but no renewal or extension options are described.
Document type
AgendaPacket
Source document
Trabuco Canyon Water District Finance/Audit Committee Meeting Agenda Packet 2026-08-13

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Trabuco-Canyon Water District?

Banner Bank was awarded this financial services contract by Trabuco-Canyon Water District, as recorded on August 8, 2026. The contract value is $20,000,000 (principal amount not to exceed $20,500,000; estimated principal $20,500,000; estimated total payments $31,231,131).

How much is the Banner Bank contract with Trabuco-Canyon Water District worth?

The Banner Bank contract with Trabuco-Canyon Water District is valued at $20,000,000 (principal amount not to exceed $20,500,000; estimated principal $20,500,000; estimated total payments $31,231,131), 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 Trabuco Canyon Water District Finance/Audit Committee Meeting Agenda Packet 2026-08-13 (AgendaPacket), dated August 8, 2026 from Trabuco-Canyon Water District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Banner Bank hold?

Banner Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Trabuco-Canyon Water District currently buying?

Explore Trabuco-Canyon Water District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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