University Park Recreation District Awards Financial Services Contract to Regions Capital Advantage (June 2024)
University Park Recreation DistrictSpecial District · Orlando, FL- Disclosed value
- Up to $5,000,000 (includes interest)
- From minutes
- Approved
- Jun 27, 2024
The 30-second brief
In conjunction with Resolution 2024-20, the District acknowledged Regions Capital Advantage, an affiliate of Regions Bank, in the two-year, up to $5 million floating-rate loan structure to backstop delayed bond issuance. The facility would be used to finance capital improvements, including irrigation, if needed.
Regions Capital Advantage holds this financial services contract with University Park Recreation District. Its other public contracts on record include work for State Fair Community College and Hamilton Southeastern Schools.
Term as filed: Two-year loan; floating interest rate; no payments due until maturity.
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Contract details
- Contract type
- Financial Services
- Amount
- Up to $5,000,000 (includes interest)
- Document date
- June 27, 2024
- Term
- Two-year loan; floating interest rate; no payments due until maturity
- Source document
- University Park Recreation District Board Meeting Minutes June 2024 (Minutes)
Regions Capital Advantage's other public contracts
More University Park Recreation District contracts
Questions about this contract
Who was awarded the financial services contract by University Park Recreation District?
Regions Capital Advantage was awarded this financial services contract by University Park Recreation District, as recorded on June 27, 2024. The contract value is Up to $5,000,000 (includes interest).
How much is the Regions Capital Advantage contract with University Park Recreation District worth?
The Regions Capital Advantage contract with University Park Recreation District is valued at Up to $5,000,000 (includes interest), 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 University Park Recreation District Board Meeting Minutes June 2024 (Minutes), dated June 27, 2024 from University Park Recreation District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Regions Capital Advantage hold?
Regions Capital Advantage 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 University Park Recreation District currently buying?
Explore University Park Recreation District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.