Seminole County Awards $4,000,000 Financial Services Contract to First Port City Bank (January 2026)

The Seminole County Board of Commissioners approved a $4 million Tax Anticipation Note with First Port City Bank at a 5.063% interest rate to address low General Fund balances caused by delayed property tax collections. Interest will be paid semi-annually, with the principal due in full at maturity on December 31, 2026.

Scope & details

The full contract record, as filed.

Contract amount

$4,000,000

Contract type

FINANCIAL_SERVICES

Contract term

Through December 31, 2026, with semi-annual interest payments and principal due at maturity

Renewal date

2026-12-31

Renewal

Single-term Tax Anticipation Note maturing December 31, 2026; no renewals mentioned.

Document type

Minutes

Source document

Seminole County Board of Commissioners Minutes Emergency Called Meeting 2026-01-08

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Seminole County?

First Port City Bank was awarded this financial services contract by Seminole County, as recorded on January 8, 2026. The contract value is $4,000,000.

How much is the First Port City Bank contract with Seminole County worth?

The First Port City Bank contract with Seminole County is valued at $4,000,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Seminole County Board of Commissioners Minutes Emergency Called Meeting 2026-01-08 (Minutes), dated January 8, 2026 from Seminole County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First Port City Bank hold?

First Port City 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.

View First Port City Bank's profile

What is Seminole County currently buying?

Explore Seminole County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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