City of Fresno - Dept. of Public Utilities Awards Financial Services Contract to Metro Futures Inc (June 2026)
City of Fresno - Dept. of Public UtilitiesUtility District · Fresno, CA- Disclosed value
- equipment amount of $461,905.11 for Capitalized Interest, and an additional $25,000 issuance cost, for a total not to exceed $6,171,077.11; total loan payment not to exceed $10,509,267.01
- From minutes
- Approved
- Jun 18, 2026
- Term
- 20-year lease term
The 30-second brief
The City of Fresno approved a 20‑year Lease Purchase Agreement with Metro Futures, Inc. to finance PARCS and Public Safety facilities solar and EV charger projects. The financing totals up to $6,171,077.11 including capitalized interest and issuance costs, with total loan payments capped at $10,509,267.01 at a rate not to exceed 4.99%.
Metro Futures Inc holds this financial services contract with City of Fresno - Dept. of Public Utilities. Its other public contracts on record include work for Central Basin Municipal Water District and City of Fresno.
Term as filed: 20-year lease term.
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Contract details
- Contract type
- Financial Services
- Amount
- equipment amount of $461,905.11 for Capitalized Interest, and an additional $25,000 issuance cost, for a total not to exceed $6,171,077.11; total loan payment not to exceed $10,509,267.01
- Document date
- June 18, 2026
- Term
- 20-year lease term
- Vendor
- Metro Futures Inc
- Source document
- City of Fresno Meeting Minutes City Council 2026-06-18 (Minutes)
Metro Futures Inc's other public contracts
More City of Fresno - Dept. of Public Utilities contracts
Questions about this contract
Who was awarded the financial services contract by City of Fresno - Dept. of Public Utilities?
Metro Futures Inc was awarded this financial services contract by City of Fresno - Dept. of Public Utilities, as recorded on June 18, 2026. The contract value is equipment amount of $461,905.11 for Capitalized Interest, and an additional $25,000 issuance cost, for a total not to exceed $6,171,077.11; total loan payment not to exceed $10,509,267.01.
How much is the Metro Futures Inc contract with City of Fresno - Dept. of Public Utilities worth?
The Metro Futures Inc contract with City of Fresno - Dept. of Public Utilities is valued at equipment amount of $461,905.11 for Capitalized Interest, and an additional $25,000 issuance cost, for a total not to exceed $6,171,077.11; total loan payment not to exceed $10,509,267.01, 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 City of Fresno Meeting Minutes City Council 2026-06-18 (Minutes), dated June 18, 2026 from City of Fresno - Dept. of Public Utilities. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Metro Futures Inc hold?
Metro Futures Inc 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 City of Fresno - Dept. of Public Utilities currently buying?
Explore City of Fresno - Dept. of Public Utilities's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.