CONTRACTAPPROVED

Santa Cruz Port District Awards Financial Services Contract to Flagstar Bank NA (February 2026)

Disclosed value: Not to exceed $13,100,000; From minutes
Approved: Feb 10, 2026

What it covers

The Santa Cruz Port Commission approved Resolution 26-01 authorizing an installment sale agreement with Flagstar Bank, N.A. for up to $13.1 million in Series 2026 Revenue Obligations to fund the demolition and reconstruction of G and X docks following storm damage. The financing includes favorable interest rates and optional prepayment provisions and is structured to comply with existing debt covenants.

Who holds it

Flagstar Bank NA holds this financial services contract with Santa Cruz Port District. Its other public contracts on record include work for Northport-East Northport Union Free School District and Douglas County.

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Contract details

Contract type: Financial Services
Amount: Not to exceed $13,100,000
Document date: February 10, 2026
Vendor: Flagstar Bank NA
Agency: Santa Cruz Port District
Source document: Santa Cruz Port Commission Special Public Budget Session Minutes Feb 2026 (Minutes)

Flagstar Bank NA's other public contracts

Northport-East Northport Union Free School District, New YorkBoard Designates Flagstar Bank as EPC Depository · Jul 9, 2026Undisclosed Santa Cruz Port District, CaliforniaPort District Approves $13.1M Financing with Flagstar · Feb 24, 2026 Douglas County, ColoradoSecond letter of credit draw for Tallman Gulch approved · Dec 16, 2025$290.4K Douglas County, ColoradoFlagstar Bank letter of credit draw for Tallman Gulch · Dec 16, 2025$210.9K Sheboygan Sanitary District 3, WisconsinFlagstar Bank NA CD Approved for Transfer to Money Market · Jul 21, 2025$250K All Flagstar Bank NA contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by Santa Cruz Port District?

Flagstar Bank NA was awarded this financial services contract by Santa Cruz Port District, as recorded on February 10, 2026. The contract value is Not to exceed $13,100,000.

How much is the Flagstar Bank NA contract with Santa Cruz Port District worth?

The Flagstar Bank NA contract with Santa Cruz Port District is valued at Not to exceed $13,100,000, 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 Santa Cruz Port Commission Special Public Budget Session Minutes Feb 2026 (Minutes), dated February 10, 2026 from Santa Cruz Port District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Flagstar Bank NA hold?

Flagstar Bank NA 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 Santa Cruz Port District currently buying?

Explore Santa Cruz Port District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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