City of Salinas Awards Financial Services Contract to Macdonald Ladd Development (October 2019)

Scope & details

The full contract record, as filed.

Contract amount

Approximately $25,000,000 (facility bond amount)

Contract type

FINANCIAL_SERVICES

Contract term

Bond maturity up to 40 years; estimated closing February 12, 2020

Renewal date

2060-02-12

Renewal

Project affordability covenants will be extended an additional 55 years under the financing plan.

Document type

Agenda

Source document

city_council_meeting_agenda_october_22_2019.pdf

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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 Salinas?

Macdonald Ladd Development was awarded this financial services contract by City of Salinas, as recorded on October 22, 2019. The contract value is Approximately $25,000,000 (facility bond amount).

How much is the Macdonald Ladd Development contract with City of Salinas worth?

The Macdonald Ladd Development contract with City of Salinas is valued at Approximately $25,000,000 (facility bond amount), 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_council_meeting_agenda_october_22_2019.pdf (Agenda), dated October 22, 2019 from City of Salinas. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Macdonald Ladd Development hold?

Macdonald Ladd Development 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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