FINANCIAL_SERVICESPENDING

Subordination Agreements With Cedar Rapids Bank Presented

Town staff asked the Frisco Community Housing Development Authority on July 14, 2026 to approve two Subordination and Standstill Agreements with Cedar Rapids Bank and Trust Company for the 101 West Main affordable housing project. The agreements establish lien priority and cure and standstill provisions between the bank’s senior swap-based financing and the Authority’s roughly $1.05 million subordinate loan.

Status
PENDING
Document date
July 14, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Cedar Rapids Bank and Trust Company
Agency
Town of Frisco · CO

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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
approximately $1.05 million (subordinate loan amount referenced)
Contract type
FINANCIAL_SERVICES
Contract term
Through the term of the senior financing and related swap and permanent loan agreements (exact dates not stated)
Renewal
Subordination and standstill obligations remain in effect until repayment of both senior and subordinate loans or until title transfers after foreclosure or deed in lieu, as outlined in the agreements.
Document type
AgendaPacket
Source document
Community Housing Development Authority of the Town of Frisco Agenda Packet 2026-07-14

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Frisco?

Cedar Rapids Bank and Trust Company was awarded this financial services contract by Town of Frisco, as recorded on July 14, 2026. The contract value is approximately $1.05 million (subordinate loan amount referenced).

How much is the Cedar Rapids Bank and Trust Company contract with Town of Frisco worth?

The Cedar Rapids Bank and Trust Company contract with Town of Frisco is valued at approximately $1.05 million (subordinate loan amount referenced), covering financial services work.

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 Community Housing Development Authority of the Town of Frisco Agenda Packet 2026-07-14 (AgendaPacket), dated July 14, 2026 from Town of Frisco. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Cedar Rapids Bank and Trust Company hold?

Cedar Rapids Bank and Trust Company 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 Cedar Rapids Bank and Trust Company's profile

What is Town of Frisco currently buying?

Explore Town of Frisco's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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