Civic IQ
CONTRACTPENDING
Get alerts

City Evaluates $10M Tax-Credit Financing From Convergence

Town of Painesville logoTown of Painesville
Disclosed value
around $10,000,000
From agenda
Document date
May 26, 2026

The 30-second brief

What it covers

The City of Painesville is considering a roughly $10 million Contract #3 with Convergence, under which the vendor would provide financing tied to tax credits for part of the solar project. The City will review a forthcoming term sheet with its financial advisor and banker before deciding whether to proceed.

Who holds it

CONVERGENCE holds this financial services contract with Town of Painesville. Its other public contracts on record include work for Town of Delhi charter and Town of Chesapeake Beach.

See who signed off on this contract.

See who signed off

Free account · 30-second setup · No credit card

Contract details

Contract type
Financial Services
Amount
around $10,000,000
Document date
May 26, 2026
Vendor
CONVERGENCE
Agency
Town of Painesville
Source document
City of Painesville Council Agenda Item Reclassification of City Engineer 2026-05-26 (Agenda)

CONVERGENCE's other public contracts

Town of Delhi charter, MichiganConvergence IT Support Contract Funded for 2027 · Aug 28, 2026Town of Painesville, OhioCity plans major solar battery storage contract · Jul 13, 2026Town of Painesville, OhioCity Anticipates $20M EPA-Tied Contract With Convergence · May 26, 2026Town of Painesville, OhioCity Plans $9.5M Solar Contract With Convergence · May 26, 2026$9.5MTown of Chesapeake Beach, MarylandConvergence Cited in Water Park Professional Fees Budget · May 12, 2026UndisclosedAll CONVERGENCE contractsVendor profile

More Town of Painesville contracts

Lake County Board of CommissionersCity joins Lake County CDBG entitlement agreement · Jul 20, 2026UndisclosedLake County Land BankCity proposes purchase of 260 Richmond from Land Bank · Jul 20, 2026UndisclosedMOTOROLAThen and Now approval for Motorola mobile radios · Jul 13, 2026$4.7KTwin Legacy InvestmentsRedevelopment grant planned for 154 Main Street · Jul 13, 2026Up to $25,000Lake County It DepartmentCouncil to ratify TAC software upgrade purchase · Jul 13, 2026$7.2KAll Town of Painesville activityAgency profile

Questions about this contract

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

CONVERGENCE was awarded this financial services contract by Town of Painesville, as recorded on May 26, 2026. The contract value is around $10,000,000.

How much is the CONVERGENCE contract with Town of Painesville worth?

The CONVERGENCE contract with Town of Painesville is valued at around $10,000,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Painesville Council Agenda Item Reclassification of City Engineer 2026-05-26 (Agenda), dated May 26, 2026 from Town of Painesville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

Show 2 more questions

What other contracts does CONVERGENCE hold?

CONVERGENCE 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 Town of Painesville currently buying?

Explore Town of Painesville's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

Work in government? Get Civic IQ free →
More Town of Painesville contracts →Browse all agencies in Ohio →