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FINANCIAL_SERVICESAPPROVED

city-of-port-washington-common-council-meeting-minutes-may-7-2024_018.pdf

City Secures $12.85M Clean Water Loan from WDNR

$12,850,100City of Port WashingtonWISCONSIN DEPARTMENT OF NATURAL RESOURCES (WDNR)May 7, 2024

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WithersRavenel logo
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Description

The Common Council approved a $12.85 million Clean Water Fund Loan from the Wisconsin Department of Natural Resources for upgrading the Wastewater Treatment Plant. The 20-year loan locks in a 2.145% interest rate to support design, construction, and related costs.

Contract Details

Contract Amount

$12,850,100

Vendor

WISCONSIN DEPARTMENT OF NATURAL RESOURCES (WDNR)

Agency

City of Port Washington, WI

Contract Type

FINANCIAL_SERVICES

Document Date

May 7, 2024

Contract Term

20 years

Renewal Date

2044-05-07

Renewal Info

20-year fixed-term Clean Water Fund Loan for plant upgrades; subject to loan agreement with WDNR.

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