FINANCIAL_SERVICESRECOMMENDED

State Infrastructure Bank Loan Recommended for Lee Road

NOACA recommended a $10 million State Infrastructure Bank loan commitment for the Lee Road rehabilitation project in Cleveland. The proposed 11-year loan has an estimated final maturity of January 1, 2039, with construction anticipated to be awarded in July 2028.

Document date · July 10, 2026

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Derivita logo
Comcate logo
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Scope & details

The full contract record, as filed.

Contract amount
$10.0 million current NOACA commitment
Contract type
FINANCIAL_SERVICES
Contract term
11 years: one year interest-free and 10 years of amortization; final maturity estimated January 1, 2039
Renewal date
2039-01-01
Renewal
Proposed 11-year loan term with estimated final maturity on January 1, 2039; no renewal option stated. Loan application and joint documents remain pending.
Document type
Minutes
Source document
Northeast Ohio Areawide Coordinating Agency Minutes Finance and Audit Committee Meeting July 10, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Northeast Ohio Areawide Coordinating Agency?

State Infrastructure Bank (sib) was awarded this financial services contract by Northeast Ohio Areawide Coordinating Agency, as recorded on July 10, 2026. The contract value is $10.0 million current NOACA commitment.

How much is the State Infrastructure Bank (sib) contract with Northeast Ohio Areawide Coordinating Agency worth?

The State Infrastructure Bank (sib) contract with Northeast Ohio Areawide Coordinating Agency is valued at $10.0 million current NOACA commitment, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Northeast Ohio Areawide Coordinating Agency Minutes Finance and Audit Committee Meeting July 10, 2026 (Minutes), dated July 10, 2026 from Northeast Ohio Areawide Coordinating Agency. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does State Infrastructure Bank (sib) hold?

State Infrastructure Bank (sib) 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 State Infrastructure Bank (sib)'s profile

What is Northeast Ohio Areawide Coordinating Agency currently buying?

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