FINANCIAL_SERVICESPENDING

Wells Fargo Named Purchaser for Herald Christian Bonds

The California Enterprise Development Authority is considering a private placement of up to $8.5 million in revenue bonds to Wells Fargo Bank, National Association. Wells Fargo would purchase the bonds and receive assigned loan payments supporting Herald Christian Health Center’s clinic refinancing.

Document date · September 28, 2026

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
Aggregate principal amount not to exceed $8,500,000
Contract type
FINANCIAL_SERVICES
Renewal
No renewal or extension terms stated; bond terms and financing documents remain subject to final agreement and required governmental approvals.
Document type
AgendaPacket
Source document
California Enterprise Development Authority AgendaPacket Regular Meeting October 1, 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by California Enterprise Development Authority?

Wells Fargo Bank National Association was awarded this financial services contract by California Enterprise Development Authority, as recorded on September 28, 2026. The contract value is Aggregate principal amount not to exceed $8,500,000.

How much is the Wells Fargo Bank National Association contract with California Enterprise Development Authority worth?

The Wells Fargo Bank National Association contract with California Enterprise Development Authority is valued at Aggregate principal amount not to exceed $8,500,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in California Enterprise Development Authority AgendaPacket Regular Meeting October 1, 2026 (AgendaPacket), dated September 28, 2026 from California Enterprise Development Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Wells Fargo Bank National Association hold?

Wells Fargo Bank National Association may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is California Enterprise Development Authority currently buying?

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