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City of Ocean Awards $43,000,000 Financial Services Contract to Janney Montgomery Scott LLC (October 2025)

City of Ocean logoCity of Ocean
Disclosed value
$43,000,000
From minutes
Awarded
Oct 9, 2025

The 30-second brief

What it covers

Ocean City sold a $43,000,000 Bond Anticipation Note dated October 9, 2025 to Janney Montgomery Scott, LLC at a Net Interest Cost of 2.5%. The note will mature on October 8, 2026, providing short-term financing for city projects.

Who holds it

Janney Montgomery Scott LLC holds this financial services contract with City of Ocean. Its other public contracts on record include work for Utah Office of the State Treasurer | State of Utah and Town of Ledyard.

What happens next

Term as filed: Bond Anticipation Note 2025-02 dated October 9, 2025, maturing October 8, 2026; Net Interest Cost 2.5%.

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Contract details

Contract type
Financial Services
Amount
$43,000,000
Document date
October 9, 2025
Term
Bond Anticipation Note 2025-02 dated October 9, 2025, maturing October 8, 2026; Net Interest Cost 2.5%
Vendor
Janney Montgomery Scott LLC
Agency
City of Ocean
Source document
City of Ocean City Council Meeting Minutes October 2025 (Minutes)

Janney Montgomery Scott LLC's other public contracts

Utah Office of the State Treasurer | State of Utah, UtahJanney Montgomery Scott Dealer Listing Not Renewed · Sep 17, 2026UndisclosedTown of Ledyard, ConnecticutBill Library Association Portfolios Managed by Janney · Aug 14, 2026UndisclosedTown of Greenwich, ConnecticutJanney Montgomery Scott LLC Approved as Broker · May 14, 2026UndisclosedUniversity Of Minnesota-Rochester, MinnesotaDebt Advisory Contract Amended and Assigned from Janney · Feb 12, 2026UndisclosedUniversity of Minnesota Board of Regents, MinnesotaOriginal Debt Advisory Role Concluded for Janney Montgomery Scott LLC · Feb 12, 2026UndisclosedAll Janney Montgomery Scott LLC contractsVendor profile

More City of Ocean contracts

Weatherby Construction & Renovation CorpAirport Terminal Construction Awarded to Weatherby Construction · Oct 22, 2026$7.8MCzar Engineering LLCCzar Engineering Awarded Airport Program Management Contract · Oct 22, 2026$62KWilliam Mclees ArchitectureMcLees Architecture Wins Airport Construction Management Contract · Oct 22, 2026$58KRichard E Pierson Construction Co IncPierson Flood Project Contract Increased by $3,000 · Oct 22, 2026Gemini General ContractingGemini Flood Mitigation Bid Rejected as Nonresponsive · Oct 22, 2026UndisclosedAll City of Ocean activityAgency profile

Questions about this contract

Who was awarded the financial services contract by City of Ocean?

Janney Montgomery Scott LLC was awarded this financial services contract by City of Ocean, as recorded on October 9, 2025. The contract value is $43,000,000.

How much is the Janney Montgomery Scott LLC contract with City of Ocean worth?

The Janney Montgomery Scott LLC contract with City of Ocean is valued at $43,000,000, 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 City of Ocean City Council Meeting Minutes October 2025 (Minutes), dated October 9, 2025 from City of Ocean. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Janney Montgomery Scott LLC hold?

Janney Montgomery Scott LLC 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 City of Ocean currently buying?

Explore City of Ocean's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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