Mosquito Abatement District-Davis Board Meeting Minutes 2026-04-09
Zions Lease Financing Proposal Not Selected by Board
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Description
Zions submitted a Real Property Lease financing proposal for the district’s pesticide building/facility upgrade project but was not chosen. The Board determined Flagstar’s competing offer provided lower interest costs and greater long-term savings.
Contract Details
Vendor
ZIONS
Agency
Davis County Mosquito Abatement District, UT
Contract Type
FINANCIAL_SERVICES
Document Date
April 9, 2026
Contract Term
10-year fixed interest rate, converting to a variable interest rate starting in year 11 on a 15-year Real Property Lease structure
Renewal Info
Proposal featured a 10-year fixed rate with a variable rate from year 11, with a potential opportunity to refinance before 10 years at no cost. Proposal was considered but ultimately rejected in favor of Flagstar.
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approvedIssuing Agency
Davis County Mosquito Abatement District
Special District
Kaysville, UT
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Mosquito Abatement District - Davis Board Meeting Agenda May 2026
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Mosquito Abatement District-Davis Board Meeting Minutes 2026-04-09
Mosquito Abatement District-Davis Board Meeting Minutes 2026-04-09
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