Fort Dodge Secures $2.69M SRF Loan for Water Distribution
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Description
The Iowa Finance Authority is authorizing a $2,687,000 tax-exempt Drinking Water SRF Construction Loan to Fort Dodge for water distribution infrastructure improvements over 20 years at 3.12% interest. The loan will be secured by utility revenues and supported by the State Revolving Fund.
Contract Details
Contract Amount
$2,687,000
Vendor
FORT DODGE
Agency
Iowa Finance Authority, IA
Contract Type
FINANCIAL_SERVICES
Document Date
October 1, 2025
Contract Term
20 years
Renewal Info
20-year SRF Construction Loan with standard servicing fee; no renewal terms are identified.
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