City Reviews Updated Ladera Linda Financing From iBank
Town of VinaCity · AL- Disclosed value
- $5.5 – $8 million (example analyses at $5.5 million)
- From agenda
- Document date
- Sep 9, 2021
The 30-second brief
Rancho Palos Verdes staff updated the Finance Advisory Committee on pending financing with iBank for the Ladera Linda Community Center and Park Project, including revised amortization schedules. The contemplated loan of around $5.5 million would carry interest rates near 2.2–2.3 percent with a 0.30% annual fee and semiannual payments over terms of 10 to 15 years, subject to formal approval by iBank.
IBANK holds this financial services contract with Town of Vina. Its other public contracts on record include work for Arvin-Edison Water Storage District and City of Del Mar.
Term as filed: Example terms analyzed: 10 years, 15 years, 20 years, and 30 years.
See who signed off on this contract.
See who signed offFree account · 30-second setup · No credit card
Contract details
- Contract type
- Financial Services
- Amount
- $5.5 – $8 million (example analyses at $5.5 million)
- Document date
- September 9, 2021
- Term
- Example terms analyzed: 10 years, 15 years, 20 years, and 30 years
- Vendor
- IBANK
- Agency
- Town of Vina
- Source document
- town-of-vina-finance-advisory-committee-agenda-ladera-linda-project-arpa-funds-sep-9-2021_1a5.md (Agenda)
IBANK's other public contracts
More Town of Vina contracts
Questions about this contract
Who was awarded the financial services contract by Town of Vina?
IBANK was awarded this financial services contract by Town of Vina, as recorded on September 9, 2021. The contract value is $5.5 – $8 million (example analyses at $5.5 million).
How much is the IBANK contract with Town of Vina worth?
The IBANK contract with Town of Vina is valued at $5.5 – $8 million (example analyses at $5.5 million), 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 town-of-vina-finance-advisory-committee-agenda-ladera-linda-project-arpa-funds-sep-9-2021_1a5.md (Agenda), dated September 9, 2021 from Town of Vina. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
Show 2 more questions
What other contracts does IBANK hold?
IBANK 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 Vina currently buying?
Explore Town of Vina's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.