Town of Apple Valley Awards Financial Services Contract to United States of America Acting Through the Department of Agriculture Rural Utilities Service (July 2026)

The Town of Apple Valley approved federal Rural Utilities Service financing via two Parity Water Revenue Bonds totaling about $2.25 million to support its emergency drought response and water system acquisition. These USDA-backed bonds will carry interest rates of 3.5% and 4.0% and be repaid from water utility revenues over a long-term schedule.

Scope & details

The full contract record, as filed.

Contract amount

Series 2026D Bond $1,990,227 (3.5% interest); Series 2026E Bond $256,319 (4.0% interest)

Contract type

FINANCIAL_SERVICES

Contract term

Up to 35 years from date of issuance, with first principal and interest payments beginning in 2027 per repayment schedules

Renewal

One-time federal loan obligations under an RD master resolution, with parity and optional redemption provisions. No renewals or automatic extensions are specified.

Document type

AgendaPacket

Source document

Town of Apple Valley AgendaPacket 2026-07-15

Related contracts

Other contracts from United States of America Acting Through the Department of Agriculture Rural Utilities Service.

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City of Hagerman Minutes Regular City Council Meeting 2026-06-17

APPROVED

City of Hagerman, IdahoNot to exceed $4,800,000.00Jun 17, 2026

City of New Meadows Council Meeting Agenda October 2023

APPROVED

City of New Meadows, IdahoNot to exceed $673,000Oct 23, 2023

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Apple Valley?

United States of America Acting Through the Department of Agriculture Rural Utilities Service was awarded this financial services contract by Town of Apple Valley, as recorded on July 15, 2026. The contract value is Series 2026D Bond $1,990,227 (3.5% interest); Series 2026E Bond $256,319 (4.0% interest).

How much is the United States of America Acting Through the Department of Agriculture Rural Utilities Service contract with Town of Apple Valley worth?

The United States of America Acting Through the Department of Agriculture Rural Utilities Service contract with Town of Apple Valley is valued at Series 2026D Bond $1,990,227 (3.5% interest); Series 2026E Bond $256,319 (4.0% interest), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Town of Apple Valley AgendaPacket 2026-07-15 (AgendaPacket), dated July 15, 2026 from Town of Apple Valley. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does United States of America Acting Through the Department of Agriculture Rural Utilities Service hold?

United States of America Acting Through the Department of Agriculture Rural Utilities Service 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 United States of America Acting Through the Department of Agriculture Rural Utilities Service's profile

What is Town of Apple Valley currently buying?

Explore Town of Apple Valley's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Town of Apple Valley's profile