FINANCIAL_SERVICESONGOING

Community Center Lease Financing Continues With Truist Bank

Carbon Valley Parks & Recreation District continues its lease-financing agreement with Truist Bank for the Community Center construction and installation. The $2.45 million lease carries 3.27% interest, requires annual payments through December 1, 2037, and requires $207,130 in principal and interest payments in 2027.

Document date · October 12, 2026

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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
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

Scope & details

The full contract record, as filed.

Contract amount
$2,450,000 capitalized amount; 3.27% interest
Contract type
FINANCIAL_SERVICES
Contract term
December 1, 2022 – December 1, 2037; annual payments due December 1
Renewal date
2037-12-01
Renewal
No renewal option is stated. The lease was entered into in 2022 and is scheduled to be paid through December 1, 2037.
Document type
Budget
Source document
Carbon Valley Parks and Recreation District Budget 2027 Budget Book 2026-11-18

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Carbon Valley Park And Recreation District?

Truist Bank was awarded this financial services contract by Carbon Valley Park And Recreation District, as recorded on October 12, 2026. The contract value is $2,450,000 capitalized amount; 3.27% interest.

How much is the Truist Bank contract with Carbon Valley Park And Recreation District worth?

The Truist Bank contract with Carbon Valley Park And Recreation District is valued at $2,450,000 capitalized amount; 3.27% interest, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Carbon Valley Parks and Recreation District Budget 2027 Budget Book 2026-11-18 (Budget), dated October 12, 2026 from Carbon Valley Park And Recreation District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Truist Bank hold?

Truist 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.

View Truist Bank's profile

What is Carbon Valley Park And Recreation District currently buying?

Explore Carbon Valley Park And Recreation District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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