FINANCIAL_SERVICESAPPROVED

City of Statesboro Awards Financial Services Contract to Queensborough Bank (June 2026)

The City of Statesboro approved a 20-year, $4.75 million Tax Allocation District Refunding Revenue Bond with Queensborough Bank at a fixed 4.6% rate to refinance Old Register TAD public infrastructure. The TAD-backed financing includes no closing costs and allows early payoff using surplus district revenues.

Document date · June 2, 2026

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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
$4,750,000 (Tax Allocation District Refunding Revenue Bond) at 4.6% interest
Contract type
FINANCIAL_SERVICES
Contract term
20-year fixed-rate term, anticipated closing June 15-16, 2026
Renewal date
2046-06-15
Renewal
Extraordinary prepayment allowed without penalty when using surplus TAD revenues; mirrors 2023 refinancing assurance structure but does not include a scheduled renewal.
Document type
AgendaPacket
Source document
City of Statesboro AgendaPacket Council Meeting & Public Hearing 2026-06-02

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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 Statesboro?

Queensborough Bank was awarded this financial services contract by City of Statesboro, as recorded on June 2, 2026. The contract value is $4,750,000 (Tax Allocation District Refunding Revenue Bond) at 4.6% interest.

How much is the Queensborough Bank contract with City of Statesboro worth?

The Queensborough Bank contract with City of Statesboro is valued at $4,750,000 (Tax Allocation District Refunding Revenue Bond) at 4.6% interest, 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 Statesboro AgendaPacket Council Meeting & Public Hearing 2026-06-02 (AgendaPacket), dated June 2, 2026 from City of Statesboro. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Queensborough Bank hold?

Queensborough 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.

View Queensborough Bank's profile

What is City of Statesboro currently buying?

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

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