FINANCIAL_SERVICESPENDING

District Considers $15.15M Financing With Webster Public Finance

Conejo Recreation & Park District proposes to approve a Term Sheet with Webster Public Finance Corporation for a $15.15 million tax-exempt direct bank loan at a fixed 4.46% interest rate to help fund the Fireworks Hill acquisition. The approximately 20-year financing will be repaid via lease payments under the District’s lease-leaseback structure, with principal due annually starting in 2027 and interest semi-annually.

Status
PENDING
Document date
June 3, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Webster Public Finance Corporation
Agency
Conejo Recreation And Park District · CA

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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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
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Scope & details

The full contract record, as filed.

Contract amount
$15,150,000 (subject to change)
Contract type
FINANCIAL_SERVICES
Contract term
Approximately 20-year term, final maturity July 1, 2046; principal payments annually beginning July 1, 2027; interest payments semi-annually beginning January 1, 2027
Renewal date
2046-07-01
Renewal
Financing is non-callable in years 1–3, prepayable at 102% in years 4–6, 101% in years 7–9, and at par thereafter; includes a one-time extraordinary call feature up to $5,000,000 without penalty upon receipt of developer fees.
Document type
StaffReport
Source document
Conejo Recreation & Park District StaffReport Resolution No. 060426-E Authorizing Site Lease and Lease Agreement 2026-06-04

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Conejo Recreation And Park District?

Webster Public Finance Corporation was awarded this financial services contract by Conejo Recreation And Park District, as recorded on June 3, 2026. The contract value is $15,150,000 (subject to change).

How much is the Webster Public Finance Corporation contract with Conejo Recreation And Park District worth?

The Webster Public Finance Corporation contract with Conejo Recreation And Park District is valued at $15,150,000 (subject to change), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Conejo Recreation & Park District StaffReport Resolution No. 060426-E Authorizing Site Lease and Lease Agreement 2026-06-04 (StaffReport), dated June 3, 2026 from Conejo Recreation And Park District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Webster Public Finance Corporation hold?

Webster Public Finance Corporation 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 Webster Public Finance Corporation's profile

What is Conejo Recreation And Park District currently buying?

Explore Conejo Recreation And Park District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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