City of Spillville Resolution Authorizing and Approving an Amended and Restated Loan and Disbursement Agreement and Amended and Restated Water Revenue Bond 2026-06-09
Spillville Amends Water Bond, Approves Loan Forgiveness with IFA
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Description
The City of Spillville approved an amended and restated loan agreement and water revenue bond with the Iowa Finance Authority, incorporating loan forgiveness on the original $1,728,000 bond. The new agreement establishes a revised repayment schedule reflecting the forgiven portion.
Contract Details
Contract Amount
$1,728,000 (original bond, partial amount forgiven)
Vendor
IOWA FINANCE AUTHORITY
Agency
City of Spillville, IA
Contract Type
FINANCIAL_SERVICES
Document Date
June 9, 2026
Contract Term
September 6, 2024 – date of final payment as per Replacement Bond schedule
Renewal Info
Original bond replaced and amended via new agreement and replacement bond incorporating loan forgiveness as authorized. Any further amendments must be approved by City Council and the Iowa Finance Authority.
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City of Spillville Resolution Authorizing and Approving an Amended and Restated Loan and Disbursement Agreement and Amended and Restated Water Revenue Bond 2026-06-09
spillville_city_council_resolution_25_12_33.pdf
spillville_city_council_resolution_25_12_35_water.pdf
city_of_spillville_resolution_approving_change_ord.pdf
city_of_spillville_resolution_25_12_31_approving_c.pdf
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