Foundation Support Agreement Planned for Housing Debt
New College Of FloridaHigher Ed · Sarasota, FL- Document date
- Oct 27, 2026
The 30-second brief
New College’s Development Corporation plans to enter a Support Agreement with New College Foundation, Incorporated to strengthen the security for its proposed housing-system debt. The Foundation would make annual support payments as needed to maintain a 1.10x debt-service-coverage ratio.
New College Foundation Incorporated holds this financial services contract with New College Of Florida.
Term as filed: Annual support payments for the duration of the debt obligations.
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Contract details
- Contract type
- Financial Services
- Document date
- October 27, 2026
- Term
- Annual support payments for the duration of the debt obligations
- Vendor
- New College Foundation Incorporated
- Agency
- New College Of Florida
- Source document
- New College of Florida Development Corporation Resolution Requesting Board of Trustees Approval to Borrow Funds 2026-10-27 (Resolution)
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Questions about this contract
Who was awarded the financial services contract by New College Of Florida?
New College Foundation Incorporated was awarded this financial services contract by New College Of Florida, as recorded on October 27, 2026.
What type of contract is this?
This is a Financial Services contract, documented as a resolution record.
Where was this contract approved?
This contract appears in New College of Florida Development Corporation Resolution Requesting Board of Trustees Approval to Borrow Funds 2026-10-27 (Resolution), dated October 27, 2026 from New College Of Florida. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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