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City Approves $10M Parking Line of Credit

City of Miami logoCity of Miami
Disclosed value
Total aggregate principal amount not to exceed $10,000,000.00
From agenda
Document date
Mar 28, 2019

The 30-second brief

What it covers

The City of Miami is approving a revolving line of credit of up to $10 million from Capital Bank, backed by parking system revenues. Tax-exempt and taxable parking system line of credit notes, Series 2019A and 2019B, will be issued to finance designated parking projects.

Who holds it

Capital Bank holds this financial services contract with City of Miami. Its other public contracts on record include work for Harris County Fwsd 51 and Fort Bend County Mud 129.

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Contract details

Contract type
Financial Services
Amount
Total aggregate principal amount not to exceed $10,000,000.00
Document date
March 28, 2019
Vendor
Capital Bank
Agency
City of Miami
Source document
City of Miami City Commission Meeting Agenda March 2019 (Agenda)

Capital Bank's other public contracts

Harris County Fwsd 51, TexasDistrict Authorizes Capital Bank for Depository Services · Sep 9, 2026UndisclosedFort Bend County Mud 129, TexasMUD 129 Reports Capital Bank Certificate · Sep 3, 2026$240KFort Bend County Mud 128, TexasDistrict Holds Capital Bank Certificate Deposit · Aug 24, 2026$240KHarris County Mud 354, TexasDistrict Holds Capital Bank Certificate Of Deposit · Aug 17, 2026$235KHarris County Mud 397, TexasNew Six-Month CD Authorized at Capital Bank · Jul 27, 2026UndisclosedAll Capital Bank contractsVendor profile

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Questions about this contract

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

Capital Bank was awarded this financial services contract by City of Miami, as recorded on March 28, 2019. The contract value is Total aggregate principal amount not to exceed $10,000,000.00.

How much is the Capital Bank contract with City of Miami worth?

The Capital Bank contract with City of Miami is valued at Total aggregate principal amount not to exceed $10,000,000.00, 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 Miami City Commission Meeting Agenda March 2019 (Agenda), dated March 28, 2019 from City of Miami. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Capital Bank hold?

Capital 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.

What is City of Miami currently buying?

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

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