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Sun n Lake of Sebring Improvement District Awards Bond Payout Contract to 53 Bank (October 2024)

Sun n Lake of Sebring Improvement District logoSun n Lake of Sebring Improvement District
Disclosed value
$650K
From minutes
Approved
Oct 29, 2024

The 30-second brief

What it covers

Payout of the 5/3 Bank Bond on the remaining 140+ parcels, for no more than $650K from the Operational reserves, was approved. The parcel owners will be special assessed the principal by the district to recoup some of the funds in 2025.

Who holds it

53 Bank holds this bond payout contract with Sun n Lake of Sebring Improvement District. Its other public contracts on record include work for Posey County and Lakeview Community Schools.

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Contract details

Contract type
Bond Payout
Amount
$650K
Document date
October 29, 2024
Term
NA
Vendor
53 Bank
Agency
Sun n Lake of Sebring Improvement District
Source document
sun_n_lake_board_of_supervisors_meeting_minutes_oc.pdf (Minutes)

53 Bank's other public contracts

Posey County, Indiana5/3 Bank parking lot usage agreement · Nov 18, 2025UndisclosedLakeview Community Schools, Michigan5/3 Bank selected for district credit cards · Jan 13, 2025UndisclosedWestwood Community School District, Michigan5/3 Bank approved as depository for school funds · Jan 7, 2025UndisclosedSouth Rockwood village, Michigan5/3 Bank appointed as Depository · Jan 6, 2024UndisclosedCity of Alexandria, Kentucky5/3 Bank to boost city budget · May 18, 2023Undisclosed

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Questions about this contract

Who was awarded the bond payout contract by Sun n Lake of Sebring Improvement District?

53 Bank was awarded this bond payout contract by Sun n Lake of Sebring Improvement District, as recorded on October 29, 2024. The contract value is $650K.

How much is the 53 Bank contract with Sun n Lake of Sebring Improvement District worth?

The 53 Bank contract with Sun n Lake of Sebring Improvement District is valued at $650K, covering bond payout work.

What type of contract is this?

This is a Bond Payout contract, documented as a minutes record.

Where was this contract approved?

This contract appears in sun_n_lake_board_of_supervisors_meeting_minutes_oc.pdf (Minutes), dated October 29, 2024 from Sun n Lake of Sebring Improvement District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What is Sun n Lake of Sebring Improvement District currently buying?

Explore Sun n Lake of Sebring Improvement District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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