FINANCIAL_SERVICESPENDING

City Considers $15.94M Loan from MS Development Bank

The City of Hattiesburg will consider a resolution to execute a taxable promissory note of up to $15,940,000 to secure a loan from the Mississippi Development Bank. The action also approves related trust, loan, placement, and tax intercept agreements.

Status
PENDING
Document date
July 21, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Mississippi Development Bank
Agency
City of Hattiesburg · MS

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $15,940,000
Contract type
FINANCIAL_SERVICES
Document type
Agenda
Source document
City of Hattiesburg City Council Tuesday Meeting Agenda 2026-07-21

Frequently asked questions

Common questions about this contract, answered from the record.

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

Mississippi Development Bank was awarded this financial services contract by City of Hattiesburg, as recorded on July 21, 2026. The contract value is Not to exceed $15,940,000.

How much is the Mississippi Development Bank contract with City of Hattiesburg worth?

The Mississippi Development Bank contract with City of Hattiesburg is valued at Not to exceed $15,940,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Hattiesburg City Council Tuesday Meeting Agenda 2026-07-21 (Agenda), dated July 21, 2026 from City of Hattiesburg. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Mississippi Development Bank hold?

Mississippi Development 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 Mississippi Development Bank's profile

What is City of Hattiesburg currently buying?

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

View City of Hattiesburg's profile

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