CONTRACTONGOING

Pegasus Bank provides Letter of Credit

Disclosed value: $2,720,891; From agenda
Document date: Apr 3, 2025
Term: 1 year

What it covers

Pegasus Bank has issued an irrevocable standby letter of credit for $2,720,891 to the City of Jonestown on behalf of The Hollows on Lake Travis, LLC. This letter of credit guarantees the completion of construction and improvements for a 45.92-acre subdivision and will be automatically extended without amendment for additional periods of time if the improvements have not been completed. The construction plans, final plat, and letter of credit are being scheduled for review and consideration by the City regarding improvements not being completed within a 2-year period.

Who holds it

Hollows on Lake Travis holds this letter of credit contract with City of Jonestown.

What happens next

Term as filed: 1 year.

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Contract details

Contract type: Letter Of Credit
Amount: $2,720,891
Document date: April 3, 2025
Term: 1 year
Vendor: Hollows on Lake Travis
Agency: City of Jonestown
Source document: city-of-jonestown-planning-zoning-commission-meeting-agenda-april-3-2025_b16.pdf (Agenda)

Hollows on Lake Travis's other public contracts

City of Jonestown, TexasDevelopment on Lake Travis gets extension · Oct 2, 2025Undisclosed City of Jonestown, TexasOne-year extension approved for The Hollows subdivision construction · Jun 5, 2025Undisclosed City of Jonestown, TexasThe Hollows on Lake Travis construction and improvements. · Apr 10, 2025Undisclosed City of Jonestown, TexasRidge Phase 2 subdivision · Jan 2, 2025Undisclosed City of Jonestown, TexasApproval for land subdivision by The Hollows · Dec 12, 2024Undisclosed All Hollows on Lake Travis contractsVendor profile

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Questions about this contract

Who was awarded the letter of credit contract by City of Jonestown?

Hollows on Lake Travis was awarded this letter of credit contract by City of Jonestown, as recorded on April 3, 2025. The contract value is $2,720,891.

How much is the Hollows on Lake Travis contract with City of Jonestown worth?

The Hollows on Lake Travis contract with City of Jonestown is valued at $2,720,891, covering letter of credit work.

What type of contract is this?

This is a Letter Of Credit contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city-of-jonestown-planning-zoning-commission-meeting-agenda-april-3-2025_b16.pdf (Agenda), dated April 3, 2025 from City of Jonestown. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Hollows on Lake Travis hold?

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

What is City of Jonestown currently buying?

Explore City of Jonestown's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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