FINANCIAL_SERVICESAPPROVED

Iowa Finance Authority Awards $10,800,000 Financial Services Contract to Urbandale Water Utility (October 2025)

The Iowa Finance Authority is set to provide Urbandale Water Utility with a $10,800,000 tax-exempt Drinking Water SRF Construction Loan for CIWW asset transfer buy-in over 20 years at a 3.12% interest rate. The loan will be backed by utility revenues and financed through the State Revolving Fund.

Status
APPROVED
Document date
October 1, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Urbandale Water Utility
Agency
Iowa Finance Authority · IA

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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
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$10,800,000
Contract type
FINANCIAL_SERVICES
Contract term
20 years
Renewal
Standard 20-year SRF Construction Loan with semiannual servicing fee; no renewal or extension language is specified.
Document type
Agenda
Source document
iowa-finance-authority-board-of-directors-meeting-agenda-october-1-2025_1f0.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Iowa Finance Authority?

Urbandale Water Utility was awarded this financial services contract by Iowa Finance Authority, as recorded on October 1, 2025. The contract value is $10,800,000.

How much is the Urbandale Water Utility contract with Iowa Finance Authority worth?

The Urbandale Water Utility contract with Iowa Finance Authority is valued at $10,800,000, 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 iowa-finance-authority-board-of-directors-meeting-agenda-october-1-2025_1f0.pdf (Agenda), dated October 1, 2025 from Iowa Finance Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Urbandale Water Utility hold?

Urbandale Water Utility may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Urbandale Water Utility's profile

What is Iowa Finance Authority currently buying?

Explore Iowa Finance Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Iowa Finance Authority's profile

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