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Advisor recommends GO bond sale to First National Bank

City of Fairfax logoCity of Fairfax
Disclosed value
$1,775,000
From agendapacket
Document date
Oct 13, 2026
Term
October 28, 2026 – February 1, 2047
Renews
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The 30-second brief

What it covers

David Drown Associates advised the City of Fairfax that First National Bank - Fairfax agreed to purchase a proposed $1,775,000 General Obligation Bond for the 2026 Street & Utility Reconstruction Project. The advisory memo recommends a 20-year callable, tax-exempt bank placement to fix interest rates before construction.

Who holds it

First National Bank - Fairfax holds this financial services contract with City of Fairfax.

What happens next

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Contract details

Contract type
Financial Services
Amount
$1,775,000
Document date
October 13, 2026
Term
October 28, 2026 – February 1, 2047
Renews
On record
Vendor
First National Bank - Fairfax
Agency
City of Fairfax
Source document
City of Fairfax AgendaPacket Agenda and Council Packet October 13, 2026 (AgendaPacket)

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Questions about this contract

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

First National Bank - Fairfax was awarded this financial services contract by City of Fairfax, as recorded on October 13, 2026. The contract value is $1,775,000.

How much is the First National Bank - Fairfax contract with City of Fairfax worth?

The First National Bank - Fairfax contract with City of Fairfax is valued at $1,775,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Fairfax AgendaPacket Agenda and Council Packet October 13, 2026 (AgendaPacket), dated October 13, 2026 from City of Fairfax. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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