FINANCIAL_SERVICESPENDING

District Plans Umpqua Loan For Merger Construction

Aspire Summit Charter Academy District is considering a 10-year loan with Umpqua, at an estimated 6.14% interest rate, to finance up to $2.5 million in construction costs for the ACA/ATTA merger project. Finalization of the financing is contingent on completing a long-term lease with the site landlord, the Diocese.

Status
PENDING
Document date
July 21, 2026
Contract type
FINANCIAL_SERVICES
Vendor
UMPQUA
Agency
Aspire Summit Charter Academy District · CA

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Derivita logo
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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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SafeTouch logo
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Scope & details

The full contract record, as filed.

Contract amount
Up to $2.5M in related construction costs
Contract type
FINANCIAL_SERVICES
Contract term
10-year term loan at an estimated 6.14% interest rate
Renewal date
2036-07-21
Renewal
Financing proposal is for a fixed 10-year term loan; no renewal terms are described. Approval and closing are contingent on execution of a long-term lease of at least 10 years with the Diocese.
Document type
Proposal
Source document
Aspire Summit Charter Academy District Proposal Aspire College Academy & Aspire Triumph Technology Academy Merger Construction 2026-07-21

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Aspire Summit Charter Academy District?

UMPQUA was awarded this financial services contract by Aspire Summit Charter Academy District, as recorded on July 21, 2026. The contract value is Up to $2.5M in related construction costs.

How much is the UMPQUA contract with Aspire Summit Charter Academy District worth?

The UMPQUA contract with Aspire Summit Charter Academy District is valued at Up to $2.5M in related construction costs, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Aspire Summit Charter Academy District Proposal Aspire College Academy & Aspire Triumph Technology Academy Merger Construction 2026-07-21 (Proposal), dated July 21, 2026 from Aspire Summit Charter Academy District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does UMPQUA hold?

UMPQUA may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Aspire Summit Charter Academy District currently buying?

Explore Aspire Summit Charter Academy District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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