City of Lyons Council Meeting Agenda September 2025
Lyons to Accept $6.5M KDHE SRF Wastewater Loan
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Description
The City of Lyons is set to accept a State Revolving Fund loan from the Kansas Department of Health and Environment for up to $6.5 million to upgrade and rehabilitate its wastewater treatment plant. The long-term loan carries a 3.09% interest rate with semiannual repayments scheduled from 2027 through 2047.
Contract Details
Contract Amount
Not to exceed $6,500,000
Vendor
KANSAS DEPARTMENT OF HEALTH AND ENVIRONMENT
Agency
Town of Lyon, KS
Contract Type
FINANCIAL_SERVICES
Document Date
September 2, 2025
Contract Term
Effective as of July 31, 2025; 40 semiannual payments from 9/1/2027 to 3/1/2047 (approx. 21 years after project completion)
Renewal Date
2047-03-01
Renewal Info
Initial SRF loan agreement; first principal and interest payment due no later than one year after project initiation of operation, with final maturity no later than 21 years after project completion. Prepayment is permitted with KDHE consent.
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