FINANCIAL_SERVICESONGOING

Authority Continues Term A Loan Payments to Trust

The Santa Clara Stadium Authority will pay approximately $25.56 million in FY 2020/21 on its 5% Term A Loan from Stadium Funding Trust. This debt service reduces the loan balance from about $257.5 million to $244.2 million as part of ongoing stadium financing obligations.

Document date · March 24, 2020

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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
$25,562,000 debt service payment in FY 2020/21 (principal and interest)
Contract type
FINANCIAL_SERVICES
Contract term
Term A Loan at fixed 5.00% interest
Renewal date
2039-03-31
Renewal
Fixed-rate loan; additional principal prepayments may occur when excess revenues are available, but no renewal is discussed.
Document type
Budget
Source document
santa_clara_stadium_authority_adopted_fy_202021_bu.pdf

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Santa Clara?

Stadium Funding Trust was awarded this financial services contract by City of Santa Clara, as recorded on March 24, 2020. The contract value is $25,562,000 debt service payment in FY 2020/21 (principal and interest).

How much is the Stadium Funding Trust contract with City of Santa Clara worth?

The Stadium Funding Trust contract with City of Santa Clara is valued at $25,562,000 debt service payment in FY 2020/21 (principal and interest), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in santa_clara_stadium_authority_adopted_fy_202021_bu.pdf (Budget), dated March 24, 2020 from City of Santa Clara. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Stadium Funding Trust hold?

Stadium Funding Trust 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 Stadium Funding Trust's profile

What is City of Santa Clara currently buying?

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

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