City of Punta Gorda Utility Advisory Board Agenda Packet 2026-05-19
City approves revolving credit line with Regions Commercial Equipment Finance LLC
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Description
The City of Punta Gorda approved a three-year revolving line of credit agreement with Regions Commercial Equipment Finance, LLC for interim funding of water and sewer utility capital projects. The facility will be repaid primarily through utility revenues and supports ongoing infrastructure investments.
Contract Details
Vendor
REGIONS COMMERCIAL EQUIPMENT FINANCE LLC
Agency
City of Punta Gorda, FL
Contract Type
FINANCIAL_SERVICES
Document Date
May 19, 2026
Contract Term
Three years
Renewal Date
2029-04-22
Renewal Info
Three-year term specified; no information on auto-renewal or extensions. All repayment to be made from utility revenues or grant reimbursements.
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