City of Mulberry City Commission Meeting Agenda March 2026
$13M City Hall Loan Offer from Citizens Bank & Trust
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Description
The City of Mulberry received a term sheet from Citizens Bank & Trust for a $13 million, 10-year, tax-exempt loan to finance the first phase of its new Municipal Complex. Approval of the loan will be considered by the City Commission in April 2026.
Contract Details
Contract Amount
$13,000,000 (not to exceed)
Vendor
CITIZENS BANK & TRUST
Agency
City of Mulberry, FL
Contract Type
FINANCIAL_SERVICES
Document Date
March 17, 2026
Contract Term
10-year term, 25-year amortization
Renewal Date
2036-04-01
Renewal Info
No auto-renewal or extension information stated. Standard 10-year term with 25-year amortization.
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