Heritage Shores bond funds invested in Federated Hermes fund

The Town of Bridgeville continues to invest Heritage Shores bond funds in a Federated Hermes Government Obligitions money market fund, earning variable rates around 3.30–3.42% as of April 30, 2026. Investment income supports debt service, reserves, and public improvements in the special development district.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Ongoing as of April 30, 2026

Renewal

Investment of bond-related funds in the Federated Hermes Government Obligations money market fund is ongoing, with income applied according to the Indenture; no specific end date is stated.

Document type

Report

Source document

Town of Bridgeville Heritage Shores Special Development District Calculation and Levy of the Special Taxes for Fiscal Year 2026-2027 2026-08-03

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Bridgeville?

Federated Hermes Government Obligations was awarded this financial services contract by Town of Bridgeville, as recorded on August 3, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Town of Bridgeville Heritage Shores Special Development District Calculation and Levy of the Special Taxes for Fiscal Year 2026-2027 2026-08-03 (Report), dated August 3, 2026 from Town of Bridgeville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Federated Hermes Government Obligations hold?

Federated Hermes Government Obligations 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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