Ongoing Bridge Loan Financing With Waterford Bank
Toledo School For The ArtsSchool · Toledo, OH- Disclosed value
- $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
- From budget
- Document date
- Jun 30, 2026
The 30-second brief
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.
Waterford Bank holds this financial services contract with Toledo School For The Arts. Its other public contracts on record include work for Sylvania Schools and Town of Middleton.
Term as filed: Fiscal Year 2026-2027 projected debt service period.
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Contract details
- Contract type
- Financial Services
- 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
- Document date
- June 30, 2026
- Term
- Fiscal Year 2026-2027 projected debt service period
- Vendor
- Waterford Bank
- Source document
- Toledo School for the Arts Budget Statement of Receipt, Disbursements, and Changes in Fund Cash Balances 2026-06-30 (Budget)
Waterford Bank's other public contracts
More Toledo School For The Arts contracts
Questions about this contract
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.
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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.
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.