City of Frankfort Board of Commissioners Agenda March 2026
City Seeks KIA Financing for Lower PC3 Sewer Project
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Description
Frankfort staff recommends approval of a Conditional Commitment Letter with the Kentucky Infrastructure Authority for an $18,793,409 assistance agreement to fund Lower PC3 sewer construction, including 30% principal forgiveness. The action would authorize the City to move forward with this infrastructure financing arrangement.
Contract Details
Contract Amount
$18,793,409.00
Vendor
KENTUCKY INFRASTRUCTURE AUTHORITY
Agency
City of Frankfort, KY
Contract Type
FINANCIAL_SERVICES
Document Date
March 23, 2026
Renewal Info
Conditional Commitment Letter for an Assistance Agreement with 30% principal forgiveness; future conversion to a final loan agreement and any renewal terms are not detailed in the agenda.
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