Manchester Water District Resolution 2024-11 Loan Funding Acceptance
District Accepts $960,000 Public Works Board Loan
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Description
Manchester Water District formally accepts a $960,000, 20-year construction loan at 1.71% interest from the Department of Commerce Public Works Board to fund its Well 10 Manganese Treatment Project. The Board authorized the General Manager to take all necessary steps to secure and receive the loan funds.
Contract Details
Contract Amount
$960,000
Vendor
DEPARTMENT OF COMMERCE PUBLIC WORKS BOARD
Agency
Manchester Water District, NY
Contract Type
FINANCIAL_SERVICES
Document Date
November 12, 2024
Contract Term
20 years at 1.71% interest
Renewal Date
2045-11-01
Renewal Info
Single 20-year construction loan for the Well 10 Manganese Treatment Project; no renewals or extensions described.
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