city-of-fayette-meeting-minutes-2025-06-10_21d.pdf
Fayette receives $2.05M warrant for sewer upgrades
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Description
The City of Fayette has been approved for a $2,050,000 Sewer Revenue Warrant, designated as Series 2025-CWSRF-DL. This warrant is issued to finance capital improvements to the city's sewer system and will be repaid using net system revenues. The warrant has a low-interest rate of 0.10% and a term of 20 years, promoting long-term financial stability for the city's infrastructure development.
Contract Details
Contract Amount
$2,050,000
Vendor
CITY OF FAYETTE
Agency
City of Fayette, AL
Contract Type
Sewer Revenue Warrant
Document Date
June 10, 2025
Contract Term
20 years
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