City of Gainesville Agenda Gainesville Regional Utilities Authority AGENDA 2026-05-13
GRU to Amend Swap Agreement with Wells Fargo Bank
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Description
The Gainesville Regional Utilities Authority will authorize an amendment to its existing interest rate swap with Wells Fargo Bank that hedges the 2023 Series C revenue bonds. The swap modification is intended to align with the newly remarketed bond structure.
Contract Details
Vendor
WELLS FARGO BANK
Agency
City of Gainesville, FL
Contract Type
FINANCIAL_SERVICES
Document Date
May 13, 2026
Renewal Info
Existing swap agreement is being amended in connection with the remarketing of the 2023 Series C revenue bonds; prior terms remain in effect except as modified by the new resolution.
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