iowa-finance-authority-board-of-directors-meeting-agenda-october-1-2025_1f0.pdf
Second $1.09M Revenue SRF Loan for Duncombe WWTF
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Description
The Iowa Finance Authority plans a $1,088,000 revenue-pledged Clean Water SRF Construction Loan to Duncombe for wastewater treatment facility improvements at a 3.12% interest rate over 20 years. This tax-exempt financing supplements the city's GO-pledged SRF support for the same project.
Contract Details
Contract Amount
$1,088,000
Vendor
DUNCOMBE
Agency
Iowa Finance Authority, IA
Contract Type
FINANCIAL_SERVICES
Document Date
October 1, 2025
Contract Term
20 years
Renewal Info
Standard 20-year SRF Construction Loan with semiannual loan servicing fee; no renewal or extension options are noted.
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city-of-duncombe-council-meeting-minutes-october-8-2025_bcd.pdf
approvedcity-of-duncombe-council-meeting-minutes-october-8-2025_bcd.pdf
approvediowa-finance-authority-board-of-directors-meeting-agenda-october-1-2025_1f0.pdf
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iowa-finance-authority-board-of-directors-meeting-agenda-october-1-2025_1f0.pdf
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