FINANCIAL_SERVICESONGOING

Ongoing Bridge Loan Financing With Waterford Bank

Toledo School for the Arts projects FY2026-2027 debt service of $264,000 on its bridge loan with Waterford Bank, with a beginning balance of about $3.24 million and an ending projected balance of roughly $2.97 million. The figures indicate ongoing financing arrangements rather than a new borrowing authorization.

Status
ONGOING
Document date
June 30, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Waterford Bank
Agency
Toledo School For The Arts · OH

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TerraCycle logo
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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
$3,238,319.00 beginning balance; $120,000.00 principal; $144,000.00 interest; $264,000.00 total FY2026-2027 debt service; ending projected debt $2,974,319.00
Contract type
FINANCIAL_SERVICES
Contract term
Fiscal Year 2026-2027 projected debt service period
Renewal
Not specified; loan amortization schedule not detailed in the budget narrative.
Document type
Budget
Source document
Toledo School for the Arts Budget Statement of Receipt, Disbursements, and Changes in Fund Cash Balances 2026-06-30

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Toledo School For The Arts?

Waterford Bank was awarded this financial services contract by Toledo School For The Arts, as recorded on June 30, 2026. The contract value is $3,238,319.00 beginning balance; $120,000.00 principal; $144,000.00 interest; $264,000.00 total FY2026-2027 debt service; ending projected debt $2,974,319.00.

How much is the Waterford Bank contract with Toledo School For The Arts worth?

The Waterford Bank contract with Toledo School For The Arts is valued at $3,238,319.00 beginning balance; $120,000.00 principal; $144,000.00 interest; $264,000.00 total FY2026-2027 debt service; ending projected debt $2,974,319.00, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a budget record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Toledo School for the Arts Budget Statement of Receipt, Disbursements, and Changes in Fund Cash Balances 2026-06-30 (Budget), dated June 30, 2026 from Toledo School For The Arts. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Waterford Bank hold?

Waterford 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 Toledo School For The Arts currently buying?

Explore Toledo School For The Arts's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Toledo School For The Arts's profile

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