FINANCIAL_SERVICESAPPROVED

Clarksburg village Awards Financial Services Contract to West Virginia Water Development Authority (November 2024)

Clarksburg City Council approved bonding and funding agreements with the West Virginia Water Development Authority totaling over $13 million for sewer and water system improvements. Actions include both traditional revenue bonds and forgivable loan components.

Status
APPROVED
Document date
November 21, 2024
Contract type
FINANCIAL_SERVICES
Vendor
West Virginia Water Development Authority
Agency
Clarksburg village · OH

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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
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IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$8,000,000 (principal for Series 2024 A Sewer Revenue Bonds); $1,500,000 (principal for Series 2024 B Forgivable); $4,165,000 (Economic Enhancement Grant)
Contract type
FINANCIAL_SERVICES
Contract term
20 years (Series 2024 A, referenced as 2.75% interest, first payment June 2026); Series 2024 B - principal forgiveness annually; grants as disbursed
Renewal date
2044-06-30
Renewal
Series 2024 A Sewer Bonds: 20-year term with payments starting June 2026; Series 2024 B principal amounts advanced forgiven annually on June 30. Grants are non-renewable, issued per project needs.
Document type
Meeting Agenda
Source document
clarksburg-meeting-agenda-2024-11-21-pdf_4c8.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Clarksburg village?

West Virginia Water Development Authority was awarded this financial services contract by Clarksburg village, as recorded on November 21, 2024. The contract value is $8,000,000 (principal for Series 2024 A Sewer Revenue Bonds); $1,500,000 (principal for Series 2024 B Forgivable); $4,165,000 (Economic Enhancement Grant).

How much is the West Virginia Water Development Authority contract with Clarksburg village worth?

The West Virginia Water Development Authority contract with Clarksburg village is valued at $8,000,000 (principal for Series 2024 A Sewer Revenue Bonds); $1,500,000 (principal for Series 2024 B Forgivable); $4,165,000 (Economic Enhancement Grant), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a meeting agenda record.

Where was this contract approved?

This contract appears in clarksburg-meeting-agenda-2024-11-21-pdf_4c8.pdf (Meeting Agenda), dated November 21, 2024 from Clarksburg village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does West Virginia Water Development Authority hold?

West Virginia Water 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 West Virginia Water Development Authority's profile

What is Clarksburg village currently buying?

Explore Clarksburg village's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Clarksburg village's profile

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