FINANCIAL_SERVICESAPPROVED

North San Joaquin Water Conservation District Awards Financial Services Contract to Farmers & Merchants Bank of Central California (October 2023)

The Board approved a Master Agreement with Farmers & Merchants Bank of Central California for a line of credit not to exceed $1.5 million to fund various groundwater recharge and capital projects. The agreement includes standard issuance fees and a variable interest rate, with drawdown through October 2025 and final repayment no later than October 2029.

Document date · October 30, 2023

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WithersRavenel logo
Derivita logo
Comcate logo
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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $1,500,000
Contract type
FINANCIAL_SERVICES
Contract term
Through October 2025 (issuance); maturity four (4) years from each draw, not later than October 2029
Renewal date
2029-10-01
Renewal
Not specified; repayment required in full by earlier of four years from each draw or October 2029. Prior warrants outstanding under other agreements remain unaffected.
Document type
AgendaPacket
Source document
North San Joaquin Water Conservation District Board Meeting Agenda Packet October 2023

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by North San Joaquin Water Conservation District?

Farmers & Merchants Bank of Central California was awarded this financial services contract by North San Joaquin Water Conservation District, as recorded on October 30, 2023. The contract value is Not to exceed $1,500,000.

How much is the Farmers & Merchants Bank of Central California contract with North San Joaquin Water Conservation District worth?

The Farmers & Merchants Bank of Central California contract with North San Joaquin Water Conservation District is valued at Not to exceed $1,500,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in North San Joaquin Water Conservation District Board Meeting Agenda Packet October 2023 (AgendaPacket), dated October 30, 2023 from North San Joaquin Water Conservation District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Farmers & Merchants Bank of Central California hold?

Farmers & Merchants Bank of Central California 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 Farmers & Merchants Bank of Central California's profile

What is North San Joaquin Water Conservation District currently buying?

Explore North San Joaquin Water Conservation District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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