FINANCIAL_SERVICESPENDING

District to seek IBank loan for wastewater upgrades

Olivenhain Municipal Water District plans to submit an application to the California Infrastructure and Economic Development Bank (IBank) for an Infrastructure State Revolving Fund loan of about $6.5 million, with authorization up to $7 million including costs of issuance, to fund wastewater treatment plant and collection system improvements over an expected 20-year term. The loan would be secured by net wastewater revenues and is expected to provide lower overall borrowing costs than private placement or public bond options.

Status
PENDING
Document date
May 12, 2026
Contract type
FINANCIAL_SERVICES
Vendor
California Infrastructure & Economic Development Bank (ibank)
Agency
Olivenhain Municipal Water District · CA

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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
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Approximately $6.5 million (not to exceed $7,000,000)
Contract type
FINANCIAL_SERVICES
Contract term
Expected 20-year loan term (up to 30 years maximum under program)
Renewal
Planned first-time borrowing under the IBank ISRF program; resolution also serves as a reimbursement resolution preserving the option to later replace the IBank loan with alternate tax-exempt financing or enter into a replacement agreement if IBank refinances its program bonds.
Document type
AgendaPacket
Source document
Olivenhain Municipal Water District Finance Committee Agenda Packet May 12, 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Olivenhain Municipal Water District?

California Infrastructure & Economic Development Bank (ibank) was awarded this financial services contract by Olivenhain Municipal Water District, as recorded on May 12, 2026. The contract value is Approximately $6.5 million (not to exceed $7,000,000).

How much is the California Infrastructure & Economic Development Bank (ibank) contract with Olivenhain Municipal Water District worth?

The California Infrastructure & Economic Development Bank (ibank) contract with Olivenhain Municipal Water District is valued at Approximately $6.5 million (not to exceed $7,000,000), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Olivenhain Municipal Water District Finance Committee Agenda Packet May 12, 2026 (AgendaPacket), dated May 12, 2026 from Olivenhain Municipal Water District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does California Infrastructure & Economic Development Bank (ibank) hold?

California Infrastructure & Economic Development Bank (ibank) 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 California Infrastructure & Economic Development Bank (ibank)'s profile

What is Olivenhain Municipal Water District currently buying?

Explore Olivenhain Municipal Water District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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