Gainesville Regional Utilities Authority Agenda Packet 2026-05-13
GRU amends swap agreement with Wells Fargo Bank
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Description
The Gainesville Regional Utilities Authority authorized an amendment to its existing interest rate swap with Wells Fargo Bank that hedges the 2023 Series C utilities revenue bonds. The amendment aligns the swap with the newly remarketed bond structure.
Contract Details
Vendor
WELLS FARGO BANK
Agency
City of Gainesville, FL
Contract Type
FINANCIAL_SERVICES
Document Date
May 13, 2026
Renewal Info
Existing swap agreement for the 2023 Series C bonds is being amended to reflect the remarketed bond terms; prior swap remains in force as modified.
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