Schenectady County Awards Financial Services Contract to Union College (March 2024)
Schenectady CountyCounty · Schenectady, NY- Disclosed value
- $2,625,267.13 (principal) plus 3% interest
- From agendapacket
- Approved
- Mar 12, 2024
The 30-second brief
The Schenectady County Legislature authorized the County Manager to execute two agreements with Union College to facilitate FEMA reimbursement of $2,625,267.13 in COVID-19 non-congregate sheltering costs. The County will advance the funds to Union College, which will hold them in escrow and repay the principal plus 3% interest by December 31, 2025 regardless of FEMA’s decision.
Union College holds this financial services contract with Schenectady County. Its other public contracts on record include work for Town of Niskayuna and Davey village.
Term as filed: Application period to FEMA ending no later than December 31, 2025.
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Contract details
- Contract type
- Financial Services
- Amount
- $2,625,267.13 (principal) plus 3% interest
- Document date
- March 12, 2024
- Term
- Application period to FEMA ending no later than December 31, 2025
- Vendor
- Union College
- Agency
- Schenectady County
- Source document
- County of Schenectady AgendaPacket Legislative Conference and Regular Meeting 2024-03-12 (AgendaPacket)
Union College's other public contracts
More Schenectady County contracts
Questions about this contract
Who was awarded the financial services contract by Schenectady County?
Union College was awarded this financial services contract by Schenectady County, as recorded on March 12, 2024. The contract value is $2,625,267.13 (principal) plus 3% interest.
How much is the Union College contract with Schenectady County worth?
The Union College contract with Schenectady County is valued at $2,625,267.13 (principal) plus 3% interest, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in County of Schenectady AgendaPacket Legislative Conference and Regular Meeting 2024-03-12 (AgendaPacket), dated March 12, 2024 from Schenectady County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Union College hold?
Union College 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 Schenectady County currently buying?
Explore Schenectady County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.