FINANCIAL_SERVICESPENDING

City Weighs Subordination To Support Housing Loan

Carson City is considering a resolution to subordinate its development agreement interests to Western Alliance Business Trust to facilitate a $2.2 million loan for the Sierra Flats affordable housing project on Butti Way. The subordination agreement would enhance investment and financing for the 2.91-acre project site.

Document date · August 4, 2022

Track City of Carson contracts

Get alerts when new contracts are awarded or existing ones approach renewal at City of Carson.

Get started free

Create a free account · no credit card

Trusted by teams at

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
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
$2.2 million loan referenced (not City's expenditure)
Contract type
FINANCIAL_SERVICES
Renewal
Subordination agreement would run with the mortgage securing the $2.2 million loan; specific renewal or maturity details are in the underlying loan documents.
Document type
Minutes
Source document
city-of-carson-board-of-supervisors-meeting-agenda-august-4-2022_ef6.pdf

Related contracts

Other contracts from Western Alliance Business Trust.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

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

Western Alliance Business Trust was awarded this financial services contract by City of Carson, as recorded on August 4, 2022. The contract value is $2.2 million loan referenced (not City's expenditure).

How much is the Western Alliance Business Trust contract with City of Carson worth?

The Western Alliance Business Trust contract with City of Carson is valued at $2.2 million loan referenced (not City's expenditure), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in city-of-carson-board-of-supervisors-meeting-agenda-august-4-2022_ef6.pdf (Minutes), dated August 4, 2022 from City of Carson. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Western Alliance Business Trust hold?

Western Alliance Business Trust 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 Western Alliance Business Trust's profile

What is City of Carson currently buying?

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

View City of Carson's profile