Cleveland Area MPO Awards Financial Services Contract to First Horizon Bank (April 2026)
Cleveland Area MPOMPO · Cleveland, TN- Disclosed value
- not to exceed $1,225,000 (principal amount of General Obligation Refunding Bonds, Series 2026)
- From minutes
- Approved
- Apr 27, 2026
- Renews
- Free account
The 30-second brief
The Cleveland City Council approved Resolution 2026-39 authorizing the issuance and negotiated sale of up to $1,225,000 in General Obligation Refunding Bonds, Series 2026, to refinance the City’s outstanding Series 2016A Bond originally purchased by First Horizon Bank. The bonds will bear interest at 3.75% with semiannual payments and a final maturity of June 1, 2036, and will be sold at not less than par pursuant to a Bond Purchase Agreement.
First Horizon Bank holds this financial services contract with Cleveland Area MPO. Its other public contracts on record include work for Gateway Services Community Development District and City of Horn Lake.
The renewal date is on record. A free account shows it, with the renewals for every Cleveland Area MPO contract.
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Contract details
- Contract type
- Financial Services
- Amount
- not to exceed $1,225,000 (principal amount of General Obligation Refunding Bonds, Series 2026)
- Document date
- April 27, 2026
- Term
- Dated at issuance with semiannual interest payments June 1 and December 1; final maturity June 1, 2036
- Renews
- Free account
- Vendor
- First Horizon Bank
- Agency
- Cleveland Area MPO
- Source document
- City of Cleveland Regular Session Minutes April 27, 2026 (Minutes)
First Horizon Bank's other public contracts
More Cleveland Area MPO contracts
Questions about this contract
Who was awarded the financial services contract by Cleveland Area MPO?
First Horizon Bank was awarded this financial services contract by Cleveland Area MPO, as recorded on April 27, 2026. The contract value is not to exceed $1,225,000 (principal amount of General Obligation Refunding Bonds, Series 2026).
How much is the First Horizon Bank contract with Cleveland Area MPO worth?
The First Horizon Bank contract with Cleveland Area MPO is valued at not to exceed $1,225,000 (principal amount of General Obligation Refunding Bonds, Series 2026), 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 City of Cleveland Regular Session Minutes April 27, 2026 (Minutes), dated April 27, 2026 from Cleveland Area MPO. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does First Horizon Bank hold?
First Horizon 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 Cleveland Area MPO currently buying?
Explore Cleveland Area MPO's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.