FINANCIAL_SERVICESAPPROVED

Town of La Plata Council Minutes August 2025

Council Approves USDA Sewer Project Bond Financing

Not to exceed $4,842,000 and $2,720,000 (two separate bonds)Town of La PlataUNITED STATES OF AMERICA ACTING THROUGH THE UNITED STATES DEPARTMENT OF AGRICULTUREAugust 26, 2025

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Description

The Town of La Plata Council adopted Ordinance 25-07 authorizing issuance and private sale of two general obligation installment bonds to the United States Department of Agriculture totaling up to $7,562,000. The financing will support Sewer System Project One, with repayment secured by sewer revenues and the Town’s full faith and credit.

Contract Details

Contract Amount

Not to exceed $4,842,000 and $2,720,000 (two separate bonds)

Vendor

UNITED STATES OF AMERICA ACTING THROUGH THE UNITED STATES DEPARTMENT OF AGRICULTURE

Agency

Town of La Plata, MD

Contract Type

FINANCIAL_SERVICES

Document Date

August 26, 2025

Renewal Info

One-time issuance authorization for two USDA installment bonds; future modifications to bond terms or related documentation may be made by resolution as allowed under the ordinance.

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