Fayette County Awards Financial Services Contract to First Citizens National Bank (November 2025)
Fayette CountyCounty · TN- Disclosed value
- $5,000,000 (max principal); 6.5% interest; 18-year amortization; not to exceed $5,000,000
- From agenda
- Awarded
- Nov 10, 2025
- Renews
- Free account
The 30-second brief
Fayette County Industrial Development Board secured a $5 million, 6.5% fixed rate TIF loan from First Citizens National Bank. The funds will reimburse Winstead Turf Farms Inc. for Exit 28 infrastructure, with loan repayment from incremental tax revenues through 2043.
First Citizens National Bank holds this financial services contract with Fayette County. Its other public contracts on record include work for Town of Knife Lake and Dunkirk village.
The renewal date is on record. A free account shows it, with the renewals for every Fayette County contract.
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Contract details
- Contract type
- Financial Services
- Amount
- $5,000,000 (max principal); 6.5% interest; 18-year amortization; not to exceed $5,000,000
- Document date
- November 10, 2025
- Term
- Closing in 2025, maturing August 1, 2043 (extension possible if outstanding balance remains)
- Renews
- Free account
- Agency
- Fayette County
- Source document
- Fayette County Industrial Development Board Agenda November 2025 (Agenda)
First Citizens National Bank's other public contracts
More Fayette County contracts
Questions about this contract
Who was awarded the financial services contract by Fayette County?
First Citizens National Bank was awarded this financial services contract by Fayette County, as recorded on November 10, 2025. The contract value is $5,000,000 (max principal); 6.5% interest; 18-year amortization; not to exceed $5,000,000.
How much is the First Citizens National Bank contract with Fayette County worth?
The First Citizens National Bank contract with Fayette County is valued at $5,000,000 (max principal); 6.5% interest; 18-year amortization; not to exceed $5,000,000, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Fayette County Industrial Development Board Agenda November 2025 (Agenda), dated November 10, 2025 from Fayette County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does First Citizens National Bank hold?
First Citizens National 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 Fayette County currently buying?
Explore Fayette County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.