FINANCIAL_SERVICESRECOMMENDED

School District Recommends $8 Million Royal Banks Loan

The University City School District recommended authorizing a tax anticipation note with Royal Banks for up to $8,000,000 to support operating-budget cash flow. The note must be repaid by January 15, 2027, although the district plans to repay it in early December 2026 after receiving property-tax revenue.

Document date · September 28, 2026

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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
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Scope & details

The full contract record, as filed.

Contract amount
Maximum of $8,000,000
Contract type
FINANCIAL_SERVICES
Contract term
Short-term loan; must be repaid by January 15, 2027; administration plans to repay in early December 2026 upon receipt of property tax revenue
Renewal date
2027-01-15
Document type
Agenda
Source document
University City School District Agenda Special Board of Education Meeting 2026-09-29

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by University City School District?

Royal Banks was awarded this financial services contract by University City School District, as recorded on September 28, 2026. The contract value is Maximum of $8,000,000.

How much is the Royal Banks contract with University City School District worth?

The Royal Banks contract with University City School District is valued at Maximum of $8,000,000, 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 University City School District Agenda Special Board of Education Meeting 2026-09-29 (Agenda), dated September 28, 2026 from University City School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Royal Banks hold?

Royal Banks 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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