CONTRACTAPPROVED

Montecito Mutual Domestic Water Consumers Assoc. Awards Financial Services Contract to American Riviera Bank (March 2026)

Montecito Mutual Domestic Water Consumers Assoc. logoMontecito Mutual Domestic Water Consumers Assoc.
Disclosed value
Not to exceed $10,000,000
From minutes
Approved
Mar 24, 2026

The 30-second brief

What it covers

The Montecito Water District Board approved a Revolving Line of Credit Agreement with American Riviera Bank for up to $10 million to support the ASADRA Reservoir Seismic Retrofit and Replacement Project. The General Manager is authorized to execute all related documents to complete the financing transaction.

Who holds it

American Riviera Bank holds this financial services contract with Montecito Mutual Domestic Water Consumers Assoc.. Its other public contracts on record include work for Montecito Water District and Cachuma Operation and Maintenance Board.

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Contract details

Contract type
Financial Services
Amount
Not to exceed $10,000,000
Document date
March 24, 2026
Source document
Montecito Water District Board Meeting Minutes March 2026 (Minutes)

American Riviera Bank's other public contracts

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Questions about this contract

Who was awarded the financial services contract by Montecito Mutual Domestic Water Consumers Assoc.?

American Riviera Bank was awarded this financial services contract by Montecito Mutual Domestic Water Consumers Assoc., as recorded on March 24, 2026. The contract value is Not to exceed $10,000,000.

How much is the American Riviera Bank contract with Montecito Mutual Domestic Water Consumers Assoc. worth?

The American Riviera Bank contract with Montecito Mutual Domestic Water Consumers Assoc. is valued at Not to exceed $10,000,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Montecito Water District Board Meeting Minutes March 2026 (Minutes), dated March 24, 2026 from Montecito Mutual Domestic Water Consumers Assoc.. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does American Riviera Bank hold?

American Riviera Bank 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 Montecito Mutual Domestic Water Consumers Assoc. currently buying?

Explore Montecito Mutual Domestic Water Consumers Assoc.'s vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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