FINANCIAL_SERVICESAPPROVED

Geneva Housing Authority Awards Financial Services Contract to Hobart & William Smith Colleges (February 2026)

The City of Geneva Development Corporation approved an inducement resolution to issue up to $90 million in Series 2026 revenue bonds for Hobart and William Smith Colleges. The financing will support a new science facility, refund prior bond issues, and cover related project costs, with the LDC serving solely as a conduit issuer and collecting a fee.

Status
APPROVED
Document date
February 4, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Hobart & William Smith Colleges
Agency
Geneva Housing Authority · NY

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Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $90,000,000 (bond principal); LDC fee to be negotiated
Contract type
FINANCIAL_SERVICES
Contract term
Series 2026 Revenue Bonds; timing dependent on bond market, likely Q1 2026
Renewal
Initial inducement only; final bond approval will follow a public hearing and City Council approval under IRC Section 147(f). Series 2026 bonds will refund prior Series 2020A and 2007 bonds and finance new construction.
Document type
Agenda
Source document
City of Geneva LDC Agenda February 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Geneva Housing Authority?

Hobart & William Smith Colleges was awarded this financial services contract by Geneva Housing Authority, as recorded on February 4, 2026. The contract value is Not to exceed $90,000,000 (bond principal); LDC fee to be negotiated.

How much is the Hobart & William Smith Colleges contract with Geneva Housing Authority worth?

The Hobart & William Smith Colleges contract with Geneva Housing Authority is valued at Not to exceed $90,000,000 (bond principal); LDC fee to be negotiated, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Geneva LDC Agenda February 2026 (Agenda), dated February 4, 2026 from Geneva Housing Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Hobart & William Smith Colleges hold?

Hobart & William Smith Colleges 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 Hobart & William Smith Colleges's profile

What is Geneva Housing Authority currently buying?

Explore Geneva Housing Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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