FINANCIAL_SERVICESONGOING

Webster Bank Holds Syracuse Fire Station Bond Financing

The Syracuse Municipal Building Authority previously placed lease revenue bonds directly with Webster Bank to finance Fire Station No. 32. The $11 million financing carries a fixed 4.95% rate over 20 years and matures in November 2043, with refinancing under consideration.

Document date · October 12, 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 type
FINANCIAL_SERVICES
Contract term
20-year bond term; maturity in November 2043; callable at par beginning November 2026
Renewal date
2043-11-30
Renewal
Bonds became callable at par without penalty beginning in November 2026; the City is considering refinancing the remaining term but has not approved a specific replacement lender.
Document type
AgendaPacket
Source document
Syracuse City AgendaPacket City Council Business Meeting 2026-10-13

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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 Syracuse?

Webster Bank was awarded this financial services contract by City of Syracuse, as recorded on October 12, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Syracuse City AgendaPacket City Council Business Meeting 2026-10-13 (AgendaPacket), dated October 12, 2026 from City of Syracuse. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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