City of Miami Awards Financial Services Contract to Simmons Bank (March 2026)
City of MiamiCity · Miami, OK- Disclosed value
- Not to exceed $14,200,000.00
- From minutes
- Approved
- Mar 31, 2026
The 30-second brief
The Miami Special Utility Authority approved Resolution MSUA2026-05 authorizing a Utility System and Sales Tax Revenue Note, Series 2026, not to exceed $14.2 million with Simmons Bank as lender. The financing will fund fiber deployment, AMI meters, and water plant work under a negotiated sale with no pre-payment penalty.
Simmons Bank holds this financial services contract with City of Miami. Its other public contracts on record include work for Grayson County and Sherman Independent School District.
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Contract details
- Contract type
- Financial Services
- Amount
- Not to exceed $14,200,000.00
- Document date
- March 31, 2026
- Vendor
- Simmons Bank
- Agency
- City of Miami
- Source document
- Miami Special Utility Authority Special Meeting Minutes March 2026 (Minutes)
Simmons Bank's other public contracts
More City of Miami contracts
Questions about this contract
Who was awarded the financial services contract by City of Miami?
Simmons Bank was awarded this financial services contract by City of Miami, as recorded on March 31, 2026. The contract value is Not to exceed $14,200,000.00.
How much is the Simmons Bank contract with City of Miami worth?
The Simmons Bank contract with City of Miami is valued at Not to exceed $14,200,000.00, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Miami Special Utility Authority Special Meeting Minutes March 2026 (Minutes), dated March 31, 2026 from City of Miami. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Simmons Bank hold?
Simmons 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.
What is City of Miami currently buying?
Explore City of Miami's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.