City of Lake Butler Regular City Commission Meeting Minutes 2026-04-21
City Advances $55K Capital City Bank Loan for Splash Park Repairs
Trusted by teams at
Description
The Lake Butler City Commission approved moving forward with a $55,000 tax-exempt loan from Capital City Bank at 4.15% interest to fund Splash Park repairs. The Mayor and City Manager are authorized to finalize the loan after confirming IRS-related conditions with legal review.
Contract Details
Contract Amount
$55,000 loan offer at 4.15% interest
Vendor
CAPITAL CITY BANK
Agency
City of Lake Butler, FL
Contract Type
FINANCIAL_SERVICES
Document Date
April 21, 2026
Contract Term
36, 48, or 60 months (final schedule to be selected); payments may be monthly, quarterly, semi-annually, or annually
Renewal Info
Short-term loan of up to five years with no prepayment penalty; City intends to repay early using proceeds from the sale of the SR 121 property.
More from CAPITAL CITY BANK
Related Contracts
City of Chipley AgendaPacket June 09, 2026
APPROVEDCity of Chipley Council Meeting Agenda May 2026
APPROVEDCity of Chipley Council Meeting Agenda May 2026
PENDINGCity of Chipley City Council Meeting Agenda April 14 2026
APPROVEDCity of Chipley City Council Meeting Agenda April 14 2026
APPROVEDMore from City of Lake Butler
City of Lake Butler Regular City Commission Meeting Agenda Packet 2026-05-19
City of Lake Butler Regular City Commission Meeting Agenda Packet 2026-05-19
City of Lake Butler Regular City Commission Meeting Agenda Packet 2026-05-19
City of Lake Butler Regular City Commission Meeting Agenda Packet 2026-05-19
City of Lake Butler Regular City Commission Meeting Agenda Packet 2026-05-19
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.