iowa-finance-authority-board-of-directors-meeting-agenda-october-1-2025_1f0.pdf
Lake City to Receive $1.89M SRF Loan for Water Wells
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Description
The Iowa Finance Authority will extend a $1,890,000 Drinking Water SRF Construction Loan to Lake City for new water supply wells at 3.12% interest over 20 years. The tax-exempt loan will be secured by system revenues and funded through the State Revolving Fund.
Contract Details
Contract Amount
$1,890,000
Vendor
LAKE CITY
Agency
Iowa Finance Authority, IA
Contract Type
FINANCIAL_SERVICES
Document Date
October 1, 2025
Contract Term
20 years
Renewal Info
Standard SRF 20-year construction loan with servicing fee; no renewal or extension terms disclosed.
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iowa-finance-authority-board-of-directors-meeting-agenda-october-1-2025_1f0.pdf
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