JMUC Backs Multipurpose Fund Financing Structure

The Board approved the financing structure for a Multipurpose Fund contract under which DNR will pay an estimated $27 million in storage costs to the Corps of Engineers and be repaid over two 15-year terms by SWMO Water. The contract includes a one‑year delay before payments begin and carries a 2% interest rate.

Scope & details

The full contract record, as filed.

Contract amount

Approximately $27 million for storage cost (to be finalized)

Contract type

FINANCIAL_SERVICES

Contract term

Two 15-year amortization cycles with one-year delay and no overlap

Renewal

Two sequential 15-year repayment terms after a one-year delay, with discussion of allowing early payoff to be incorporated. No automatic renewals indicated.

Document type

Minutes

Source document

SWMO Joint Municipal Water Utility Board Meeting Minutes January 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Southwest Missouri Joint Municipal Water Utility Commission?

Multipurpose Fund was awarded this financial services contract by Southwest Missouri Joint Municipal Water Utility Commission, as recorded on January 13, 2026. The contract value is Approximately $27 million for storage cost (to be finalized).

How much is the Multipurpose Fund contract with Southwest Missouri Joint Municipal Water Utility Commission worth?

The Multipurpose Fund contract with Southwest Missouri Joint Municipal Water Utility Commission is valued at Approximately $27 million for storage cost (to be finalized), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in SWMO Joint Municipal Water Utility Board Meeting Minutes January 2026 (Minutes), dated January 13, 2026 from Southwest Missouri Joint Municipal Water Utility Commission. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Multipurpose Fund hold?

Multipurpose Fund 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 Multipurpose Fund's profile

What is Southwest Missouri Joint Municipal Water Utility Commission currently buying?

Explore Southwest Missouri Joint Municipal Water Utility Commission's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Southwest Missouri Joint Municipal Water Utility Commission's profile