City of Key Colony Beach Awards Financial Services Contract to First Horizon Te1 Llc (May 2026)

The City of Key Colony Beach approved a loan agreement and Revenue Promissory Note with First Horizon TE1, LLC for up to $3,000,000 to finance improvements to City Hall and related loan costs. The note will carry an initial fixed interest rate not exceeding 7% and will be secured solely by pledged non-ad valorem funds.

Document date · May 21, 2026

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Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $3,000,000

Contract type

FINANCIAL_SERVICES

Renewal

Single loan issuance for the Revenue Promissory Note, Series 2026; no renewal terms specified in the resolution text.

Document type

Resolution

Source document

City of Key Colony Beach Resolution 2026-08 2026-05-21

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Key Colony Beach?

First Horizon Te1 Llc was awarded this financial services contract by City of Key Colony Beach, as recorded on May 21, 2026. The contract value is Not to exceed $3,000,000.

How much is the First Horizon Te1 Llc contract with City of Key Colony Beach worth?

The First Horizon Te1 Llc contract with City of Key Colony Beach is valued at Not to exceed $3,000,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Key Colony Beach Resolution 2026-08 2026-05-21 (Resolution), dated May 21, 2026 from City of Key Colony Beach. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First Horizon Te1 Llc hold?

First Horizon Te1 Llc 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 First Horizon Te1 Llc's profile

What is City of Key Colony Beach currently buying?

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

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