FINANCIAL_SERVICESAPPROVED

City of Sandy Springs Awards Financial Services Contract to North River Apartments Owner Llc (August 2026)

North River Apartments Owner, LLC will execute a Guaranty Agreement backing full and timely payment on the Authority’s Series 2026 taxable revenue bonds. The guaranty strengthens investor security by supplementing lease revenues and project collateral.

Status
APPROVED
Document date
August 26, 2026
Contract type
FINANCIAL_SERVICES
Vendor
North River Apartments Owner Llc
Agency
City of Sandy Springs · GA

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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
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Guarantee of payment obligations up to the full principal and interest on the $110,000,000 Series 2026 bonds
Contract type
FINANCIAL_SERVICES
Contract term
Effective from bond issuance through full payment or discharge of the Series 2026 bonds, expected no later than December 1, 2038
Renewal date
2038-12-01
Renewal
The guaranty remains in effect until the Series 2026 bonds are fully paid or otherwise discharged; it does not renew but expires with bond retirement.
Document type
AgendaPacket
Source document
Sandy Springs Development Authority Agenda Packet 2026-08-26

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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 Sandy Springs?

North River Apartments Owner Llc was awarded this financial services contract by City of Sandy Springs, as recorded on August 26, 2026. The contract value is Guarantee of payment obligations up to the full principal and interest on the $110,000,000 Series 2026 bonds.

How much is the North River Apartments Owner Llc contract with City of Sandy Springs worth?

The North River Apartments Owner Llc contract with City of Sandy Springs is valued at Guarantee of payment obligations up to the full principal and interest on the $110,000,000 Series 2026 bonds, 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 Sandy Springs Development Authority Agenda Packet 2026-08-26 (AgendaPacket), dated August 26, 2026 from City of Sandy Springs. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does North River Apartments Owner Llc hold?

North River Apartments Owner 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.

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What is City of Sandy Springs currently buying?

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

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