Palm Bay Academy Charter School Awards Financial Services Contract to Port Village LLC (June 2026)
Palm Bay Academy Charter SchoolSchool · FL- Disclosed value
- ~$4.2M in principal; purchase of ~$13M bond debt for ~$4M
- From minutes
- Approved
- Jun 8, 2026
The 30-second brief
Palm Bay Academy's board approved a refinancing arrangement with Port Village, LLC, under which the lender will buy about $13M of the school's bond debt for around $4M and extend a roughly $4.2M loan at 12% interest. The two-year, interest-only loan, with an optional one-year extension, will retire existing bonds and reduce the school's debt by approximately $9M.
Port Village LLC holds this financial services contract with Palm Bay Academy Charter School.
Term as filed: Two-year term with option to extend one additional year.
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Contract details
- Contract type
- Financial Services
- Amount
- ~$4.2M in principal; purchase of ~$13M bond debt for ~$4M
- Document date
- June 8, 2026
- Term
- Two-year term with option to extend one additional year
- Vendor
- Port Village LLC
- Source document
- Palm Bay Academy Charter School Minutes June 8, 2026 (Minutes)
More Palm Bay Academy Charter School contracts
Questions about this contract
Who was awarded the financial services contract by Palm Bay Academy Charter School?
Port Village LLC was awarded this financial services contract by Palm Bay Academy Charter School, as recorded on June 8, 2026. The contract value is ~$4.2M in principal; purchase of ~$13M bond debt for ~$4M.
How much is the Port Village LLC contract with Palm Bay Academy Charter School worth?
The Port Village LLC contract with Palm Bay Academy Charter School is valued at ~$4.2M in principal; purchase of ~$13M bond debt for ~$4M, 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 Palm Bay Academy Charter School Minutes June 8, 2026 (Minutes), dated June 8, 2026 from Palm Bay Academy Charter School. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Port Village LLC hold?
Port Village LLC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Palm Bay Academy Charter School currently buying?
Explore Palm Bay Academy Charter School's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.