FINANCIAL_SERVICESAPPROVED

Lyon County Awards Financial Services Contract to Minnesota Rural Water Finance Authority (August 2026)

Lyon County entered into an Advance Agreement with the Minnesota Rural Water Finance Authority for up to $9.8 million in interim financing for Phase 2 of the Lincoln Pipestone Rural Water System North Water Source Project. The loan is structured as a general obligation governmental note at 4.80% interest, maturing by December 1, 2027, with possible extensions to 2032.

Status
APPROVED
Document date
August 4, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Minnesota Rural Water Finance Authority
Agency
Lyon County · MN

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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
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
Not to exceed $9,800,000
Contract type
FINANCIAL_SERVICES
Contract term
Loan to mature on or before December 1, 2027, with potential extensions to a date not later than June 1, 2032
Renewal date
2032-06-01
Renewal
Governmental Note matures on or before December 1, 2027, with authority delegated to the County Chair and Auditor/Treasurer to approve one or more maturity extensions via Extension Certificate, allowing extensions up to June 1, 2032 at a revised interest rate not exceeding 7.50%. Permanent financing from USDA Rural Development is anticipated to take out the interim note.
Document type
AgendaPacket
Source document
Lyon County AgendaPacket Board of Commissioners Meeting 2026-08-04

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Lyon County?

Minnesota Rural Water Finance Authority was awarded this financial services contract by Lyon County, as recorded on August 4, 2026. The contract value is Not to exceed $9,800,000.

How much is the Minnesota Rural Water Finance Authority contract with Lyon County worth?

The Minnesota Rural Water Finance Authority contract with Lyon County is valued at Not to exceed $9,800,000, 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 Lyon County AgendaPacket Board of Commissioners Meeting 2026-08-04 (AgendaPacket), dated August 4, 2026 from Lyon County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Minnesota Rural Water Finance Authority hold?

Minnesota Rural Water Finance Authority 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 Minnesota Rural Water Finance Authority's profile

What is Lyon County currently buying?

Explore Lyon County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Lyon County's profile

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