FINANCIAL_SERVICESPENDING

Aquatic Center Loan Approved by Security Bank

Nevada City staff reported that Security Bank of Kansas City has approved a $7,815,000 loan to finance the Aquatics Center at 5% interest with a 1% acceptance fee. The council will consider formal approval of the financing in July, with an optional call in 3 years and mandatory call in 5 years.

Status
PENDING
Document date
June 23, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Security Bank of Kansas City
Agency
Nevada Housing Authority · MO

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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
$7,815,000
Contract type
FINANCIAL_SERVICES
Contract term
5% interest, 1% acceptance fee, optional call in 3 years or mandatory call in 5 years
Renewal
Loan structure includes an optional call in 3 years and a mandatory call in 5 years; specific renewal or refinancing terms will depend on future council actions at the call dates.
Document type
Minutes
Source document
City of Nevada City Council Work Session Minutes 2026-06-23

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Nevada Housing Authority?

Security Bank of Kansas City was awarded this financial services contract by Nevada Housing Authority, as recorded on June 23, 2026. The contract value is $7,815,000.

How much is the Security Bank of Kansas City contract with Nevada Housing Authority worth?

The Security Bank of Kansas City contract with Nevada Housing Authority is valued at $7,815,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Nevada City Council Work Session Minutes 2026-06-23 (Minutes), dated June 23, 2026 from Nevada Housing Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Security Bank of Kansas City hold?

Security Bank of Kansas City 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 Security Bank of Kansas City's profile

What is Nevada Housing Authority currently buying?

Explore Nevada Housing Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Nevada Housing Authority's profile

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