College Township Water Authority Regular Meeting Agenda Packet March 2026
FCCB Bank Selected as Lender for 2026 Water Revenue Note
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Description
FCCB Bank was recommended to provide the Water Revenue Note, Series of 2026, with $5,080,000 in project financing on a 7-year fixed / variable rate structure.
Contract Details
Contract Amount
$5,080,000 (draw down, 7-year fixed 4.5% + variable rate after)
Vendor
FCCB BANK
Agency
College Township Water Authority, PA
Contract Type
FINANCIAL_SERVICES
Document Date
March 18, 2026
Contract Term
April 15, 2026 – maturity date per loan documents; initial 7 years fixed, then variable rate thereafter.
Renewal Date
2033-04-15
Renewal Info
Loan with 7-year fixed term, converts to variable with 5.35% cap thereafter; draw down over three years to reduce interest costs; allows early repayment.
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