FINANCIAL_SERVICESDISCUSSed

Webster Bank Considered for Alternative Project Financing

Webster Bank submitted a 20-year alternative financing proposal for the District’s capital building project. The Finance Committee discussed it as an alternative to the recommended U.S. Bancorp financing because it would reduce annual debt service but increase total interest cost.

Document date · October 14, 2026

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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
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
Up to $5 million; quoted rates of 5.00 percent for 15 years and 5.15 percent for 20 years
Contract type
FINANCIAL_SERVICES
Contract term
20-year alternative financing proposal
Document type
AgendaPacket
Source document
San Mateo County Mosquito and Vector Control District AgendaPacket Board of Trustees Meeting 2026-10-14

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by San Mateo County MVCD?

Webster Bank was awarded this financial services contract by San Mateo County MVCD, as recorded on October 14, 2026. The contract value is Up to $5 million; quoted rates of 5.00 percent for 15 years and 5.15 percent for 20 years.

How much is the Webster Bank contract with San Mateo County MVCD worth?

The Webster Bank contract with San Mateo County MVCD is valued at Up to $5 million; quoted rates of 5.00 percent for 15 years and 5.15 percent for 20 years, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in San Mateo County Mosquito and Vector Control District AgendaPacket Board of Trustees Meeting 2026-10-14 (AgendaPacket), dated October 14, 2026 from San Mateo County MVCD. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Webster Bank hold?

Webster Bank 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 San Mateo County MVCD currently buying?

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