Bank of America Line Supports Utility Capital Plan
City of New Smyrna BeachCity · New Smyrna Beach, FL- Disclosed value
- an aggregate principal amount not to exceed $60,000,000
- From agendapacket
- Document date
- Sep 9, 2026
- Renews
- Free account
The 30-second brief
The Utilities Commission’s Series 2026 note was issued through a loan agreement with Bank of America, N.A. The line of credit supports utility capital improvements and related costs, with principal not to exceed $60 million and a short-term expected duration of 1-2 years.
Bank of America N a holds this financial services contract with City of New Smyrna Beach. Its other public contracts on record include work for Cape May County MUA and Turlock Irrigation District.
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Contract details
- Contract type
- Financial Services
- Amount
- an aggregate principal amount not to exceed $60,000,000
- Document date
- September 9, 2026
- Term
- Series 2026 note; short-term financing tool (1-2 years)
- Renews
- On record
- Vendor
- Bank of America N a
- Agency
- City of New Smyrna Beach
- Source document
- City of New Smyrna Beach AgendaPacket Special Meeting 2026-09-09 (AgendaPacket)
Bank of America N a's other public contracts
More City of New Smyrna Beach contracts
Questions about this contract
Who was awarded the financial services contract by City of New Smyrna Beach?
Bank of America N a was awarded this financial services contract by City of New Smyrna Beach, as recorded on September 9, 2026. The contract value is an aggregate principal amount not to exceed $60,000,000.
How much is the Bank of America N a contract with City of New Smyrna Beach worth?
The Bank of America N a contract with City of New Smyrna Beach is valued at an aggregate principal amount not to exceed $60,000,000, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in City of New Smyrna Beach AgendaPacket Special Meeting 2026-09-09 (AgendaPacket), dated September 9, 2026 from City of New Smyrna Beach. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Bank of America N a hold?
Bank of America N a 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 New Smyrna Beach currently buying?
Explore City of New Smyrna Beach's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.