Civic IQ
FINANCIAL_SERVICESAWARDED

Water Cooperative of Central Florida Awards Financial Services Contract to Truist Bank & Truist Commercial Equity Inc (April 2025)

The Water Cooperative of Central Florida Board approved awarding ITN-2025-001 to Truist Bank and its affiliate Truist Commercial Equity, Inc. for a $5,000,000 revolving loan to fund water utility projects. The facility includes legal and advisory fee reimbursements and unused commitment fees. The agreement supports near-term capital needs for the Cypress Lake Water Treatment Plant and related initiatives, with a term through 2027.

Document date · April 9, 2025

Issuing agencyWater Cooperative of Central FloridaVendorTruist Bank & Truist Commercial Equity Inc

Track Water Cooperative of Central Florida contracts

Get alerts when new contracts are awarded or existing ones approach renewal at Water Cooperative of Central Florida.

Get started free

Create a free account · no credit card

Work in government? Get Civic IQ free

Trusted by teams at

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
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
$5,000,000 (revolving loan facility), plus legal fees up to $7,000, unused commitment fee, financial advisor fees, and bond counsel fees
Contract type
FINANCIAL_SERVICES
Contract term
From award date (April 2025) through Final Maturity Date (expected 2027); revolving with possibility of extension or early prepayment
Renewal date
2027-12-31
Renewal
The commitment terminates at Final Maturity Date (2027) unless extended by mutual agreement. Early repayment is allowed without penalty. Terms allow for amendments and potential extensions as mutually agreed.
Document type
Resolution
Source document
Water Cooperative of Central Florida Resolution 2025-001-WC Master Bond Resolution April 2025

Related contracts

Other contracts from Truist Bank & Truist Commercial Equity Inc.

View all →
Florida Municipal Power Agency Agenda Package 2026-08-20
ONGOING
FL-State-Florida Municipal Power Agency, FloridaAug 20, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Water Cooperative of Central Florida?

Truist Bank & Truist Commercial Equity Inc was awarded this financial services contract by Water Cooperative of Central Florida, as recorded on April 9, 2025. The contract value is $5,000,000 (revolving loan facility), plus legal fees up to $7,000, unused commitment fee, financial advisor fees, and bond counsel fees.

How much is the Truist Bank & Truist Commercial Equity Inc contract with Water Cooperative of Central Florida worth?

The Truist Bank & Truist Commercial Equity Inc contract with Water Cooperative of Central Florida is valued at $5,000,000 (revolving loan facility), plus legal fees up to $7,000, unused commitment fee, financial advisor fees, and bond counsel fees, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record.

Where was this contract approved?

This contract appears in Water Cooperative of Central Florida Resolution 2025-001-WC Master Bond Resolution April 2025 (Resolution), dated April 9, 2025 from Water Cooperative of Central Florida. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Truist Bank & Truist Commercial Equity Inc hold?

Truist Bank & Truist Commercial Equity Inc 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 Truist Bank & Truist Commercial Equity Inc's profile

What is Water Cooperative of Central Florida currently buying?

Explore Water Cooperative of Central Florida's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Water Cooperative of Central Florida's profile