FINANCIAL_SERVICESAPPROVED

City of Huntsville Awards Financial Services Contract to Public Building Authority of the City of Huntsville (February 2025)

The City of Huntsville approved a First Supplemental Lease Agreement with the Public Building Authority to support issuance of $6,305,000 Lease Revenue Bonds, Series 2025. The bonds will finance final construction and equipping costs for the new City Hall and related facilities through long-term lease payments by the City. Terms run from March 4, 2025 with maturities from 2026 through 2052.

Document date · February 27, 2025

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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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
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Scope & details

The full contract record, as filed.

Contract amount
$6,305,000 (Lease Revenue Bonds, Series 2025; sale price $6,480,089.00 including $200,353.20 premium and $25,264.20 underwriting discount)
Contract type
FINANCIAL_SERVICES
Contract term
Bonds dated March 4, 2025, maturing annually February 1, 2026–February 1, 2052
Renewal date
2052-02-01
Renewal
Series 2025 Bonds are payable from lease rentals under the Lease Agreement, which the City may renew annually; debt service schedule runs through final maturity on February 1, 2052.
Document type
Agenda
Source document
City of Huntsville Agenda 2025-02-27

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Frequently asked questions

Common questions about this contract, answered from the record.

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

Public Building Authority of the City of Huntsville was awarded this financial services contract by City of Huntsville, as recorded on February 27, 2025. The contract value is $6,305,000 (Lease Revenue Bonds, Series 2025; sale price $6,480,089.00 including $200,353.20 premium and $25,264.20 underwriting discount).

How much is the Public Building Authority of the City of Huntsville contract with City of Huntsville worth?

The Public Building Authority of the City of Huntsville contract with City of Huntsville is valued at $6,305,000 (Lease Revenue Bonds, Series 2025; sale price $6,480,089.00 including $200,353.20 premium and $25,264.20 underwriting discount), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Huntsville Agenda 2025-02-27 (Agenda), dated February 27, 2025 from City of Huntsville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Public Building Authority of the City of Huntsville hold?

Public Building Authority of the City of Huntsville may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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