City of Burlington Awards Financial Services Contract to Colorado Water Resources & Power Development Authority (June 2026)

Scope & details

The full contract record, as filed.

Contract amount

$13 million loan (including $4.5 million Direct Loan at 2.5% for 20 years and $8.5 million Leveraged Loan at 4% for 20 years; $1.5 million principal forgiveness)

Contract type

FINANCIAL_SERVICES

Contract term

20-year loan term for both Direct and Leveraged loans, commencing upon loan closing expected August 2026

Renewal date

2046-08-31

Renewal

Loan agreement will establish a fixed 20‑year repayment schedule; no renewals or extensions noted beyond standard debt terms.

Document type

AgendaPacket

Source document

Burlington City Council Agenda Packet 2026-06-29

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Burlington?

Colorado Water Resources & Power Development Authority was awarded this financial services contract by City of Burlington, as recorded on June 29, 2026. The contract value is $13 million loan (including $4.5 million Direct Loan at 2.5% for 20 years and $8.5 million Leveraged Loan at 4% for 20 years; $1.5 million principal forgiveness).

How much is the Colorado Water Resources & Power Development Authority contract with City of Burlington worth?

The Colorado Water Resources & Power Development Authority contract with City of Burlington is valued at $13 million loan (including $4.5 million Direct Loan at 2.5% for 20 years and $8.5 million Leveraged Loan at 4% for 20 years; $1.5 million principal forgiveness), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Burlington City Council Agenda Packet 2026-06-29 (AgendaPacket), dated June 29, 2026 from City of Burlington. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Colorado Water Resources & Power Development Authority hold?

Colorado Water Resources & Power Development Authority 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 Colorado Water Resources & Power Development Authority's profile

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

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