CONTRACTRECOMMENDED

SunTrust Proposed for $5.1M Utility Credit Line

Disclosed value: Up to $5.1 million; From agenda
Document date: Sep 8, 2025

What it covers

Financial advisor Davenport presented SunTrust Bank’s proposal for a $5.1 million line of credit to fund Utility Enterprise Fund capital projects at a fixed 1.96% rate through January 15, 2023. The facility would allow interest-only draws with no unused fees and full prepayment flexibility, pending Council approval.

Who holds it

Suntrust Bank holds this financial services contract with City of Franklin. Its other public contracts on record include work for Nashville Airport Authority and Richmond Redevelopment & Housing Authority.

What happens next

Term as filed: Access for 3.5 years; final maturity January 15, 2023.

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Contract details

Contract type: Financial Services
Amount: Up to $5.1 million
Document date: September 8, 2025
Term: Access for 3.5 years; final maturity January 15, 2023
Vendor: Suntrust Bank
Agency: City of Franklin
Source document: franklin_city_council_regular_meeting_agenda_septe.pdf (Agenda)

Suntrust Bank's other public contracts

Nashville Airport Authority, TennesseeSunTrust Bank Bond Financing Ongoing · Aug 12, 2026$27.4M Richmond Redevelopment & Housing Authority, VirginiaHistorical Trustee Role by SunTrust Bank for RRHA Bonds · Mar 13, 2026Undisclosed Brooksville Housing Authority, FloridaCity Continues Payments on Water & Sewer Refunding Bonds · Jan 1, 2026$786K Brooksville Housing Authority, FloridaSunTrust Bank Provides City Capital Financing · Jan 1, 2026 Brooksville Housing Authority, FloridaCity to Complete Patch Truck Loan Payments in FY2026 · Jan 1, 2026$15.5K All Suntrust Bank contractsVendor profile

More City of Franklin contracts

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Questions about this contract

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

Suntrust Bank was awarded this financial services contract by City of Franklin, as recorded on September 8, 2025. The contract value is Up to $5.1 million.

How much is the Suntrust Bank contract with City of Franklin worth?

The Suntrust Bank contract with City of Franklin is valued at Up to $5.1 million, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in franklin_city_council_regular_meeting_agenda_septe.pdf (Agenda), dated September 8, 2025 from City of Franklin. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Suntrust Bank hold?

Suntrust 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 Franklin currently buying?

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

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