FINANCIAL_SERVICESAPPROVED

Lookout Mountain Water District Awards Financial Services Contract to Colorado Water Resources & Power Development Authority (July 2026)

The Lookout Mountain Water District approved a Loan Agreement and associated governmental agency bond with the Colorado Water Resources and Power Development Authority for up to $3,000,000 to finance major water distribution system improvements. The financing, with a net effective interest rate capped at 3.50% and total repayment not to exceed $6,000,000, will be repaid from pledged district revenues including ad valorem property taxes over a term of up to 30 years.

Status
APPROVED
Document date
July 13, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Colorado Water Resources & Power Development Authority
Agency
Lookout Mountain Water District · CO

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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
Not to exceed $3,000,000 (total repayment not to exceed $6,000,000; maximum annual repayment $200,000)
Contract type
FINANCIAL_SERVICES
Contract term
Final maturity not later than 30 years from the effective date of the Loan Agreement
Renewal
One-time loan and bond issuance with a final maturity not later than 30 years from the effective date of the Loan Agreement; no renewal provisions noted.
Document type
Resolution
Source document
Lookout Mountain Water District Resolution Approving a Loan from the Colorado Water Resources and Power Development Authority 2026-07-13

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Lookout Mountain Water District?

Colorado Water Resources & Power Development Authority was awarded this financial services contract by Lookout Mountain Water District, as recorded on July 13, 2026. The contract value is Not to exceed $3,000,000 (total repayment not to exceed $6,000,000; maximum annual repayment $200,000).

How much is the Colorado Water Resources & Power Development Authority contract with Lookout Mountain Water District worth?

The Colorado Water Resources & Power Development Authority contract with Lookout Mountain Water District is valued at Not to exceed $3,000,000 (total repayment not to exceed $6,000,000; maximum annual repayment $200,000), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Lookout Mountain Water District Resolution Approving a Loan from the Colorado Water Resources and Power Development Authority 2026-07-13 (Resolution), dated July 13, 2026 from Lookout Mountain Water District. 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

What is Lookout Mountain Water District currently buying?

Explore Lookout Mountain Water District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Lookout Mountain Water District's profile

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