FINANCIAL_SERVICESAPPROVED

Los Angeles County Awards Financial Services Contract to Western Alliance Business Trust (November 2022)

The Los Angeles County Development Authority approved a bond purchase agreement with Western Alliance Business Trust for tax-exempt and taxable multifamily housing revenue bonds financing Danny’s Home for Heroes Apartments. The bonds may be issued as draw-down obligations with maturities up to 40 years.

Document date · November 9, 2022

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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
$13,784,637 (tax-exempt bond maximum) plus $10,000,000 (taxable bond maximum)
Contract type
FINANCIAL_SERVICES
Contract term
Up to 40 years from date of issue
Renewal
Bond purchase agreement governs long-term holding and funding of draw-down bonds; no renewal or extension language specified beyond bond term.
Document type
Agenda
Source document
community_services_cluster_agenda_review_meeting_n.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Los Angeles County?

Western Alliance Business Trust was awarded this financial services contract by Los Angeles County, as recorded on November 9, 2022. The contract value is $13,784,637 (tax-exempt bond maximum) plus $10,000,000 (taxable bond maximum).

How much is the Western Alliance Business Trust contract with Los Angeles County worth?

The Western Alliance Business Trust contract with Los Angeles County is valued at $13,784,637 (tax-exempt bond maximum) plus $10,000,000 (taxable bond maximum), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in community_services_cluster_agenda_review_meeting_n.pdf (Agenda), dated November 9, 2022 from Los Angeles County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Western Alliance Business Trust hold?

Western Alliance Business Trust 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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