FINANCIAL_SERVICESAPPROVED

Kipp Memphis Collegiate High School Awards Financial Services Contract to First Horizon (September 2026)

KIPP Memphis Public Schools approved proceeding with a construction-to-permanent loan agreement with First Horizon for up to $8,633,158 plus closing costs. The financing will support renovation of KIPP Cordova Collegiate Elementary School, with interest-only payments during construction and a potential fixed-rate conversion afterward.

Document date · September 10, 2026

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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
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Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $8,633,158 plus closing costs
Contract type
FINANCIAL_SERVICES
Contract term
Construction-to-permanent loan; projected closing September 24, 2026
Renewal date
2026-09-24
Renewal
Loan includes an option to convert to a fixed interest rate upon completion of construction; other renewal or extension terms were not stated.
Document type
Minutes
Source document
KIPP Memphis Public Schools Minutes KIPP Finance Committee Meeting 2026-09-10

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Kipp Memphis Collegiate High School?

First Horizon was awarded this financial services contract by Kipp Memphis Collegiate High School, as recorded on September 10, 2026. The contract value is Not to exceed $8,633,158 plus closing costs.

How much is the First Horizon contract with Kipp Memphis Collegiate High School worth?

The First Horizon contract with Kipp Memphis Collegiate High School is valued at Not to exceed $8,633,158 plus closing costs, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in KIPP Memphis Public Schools Minutes KIPP Finance Committee Meeting 2026-09-10 (Minutes), dated September 10, 2026 from Kipp Memphis Collegiate High School. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First Horizon hold?

First Horizon may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Kipp Memphis Collegiate High School currently buying?

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