Civic IQ
Loanapproved

county-commissioners-of-allegany-county-resolution-no-25-07_c57.pdf

Allegany County secures $3.7M water infrastructure loan

$3,786,088Cumberland Area MPOMARYLAND WATER INFRASTRUCTURE FINANCING ADMINISTRATIONJune 26, 2025

Trusted by teams at

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
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

Description

The County Commissioners of Allegany County have secured a $3,786,088 loan from the Maryland Water Infrastructure Financing Administration to finance water main and utility improvements along Winchester Road, serving the LaVale Sanitary District. The loan, issued through two series of bonds (2025A and 2025B), aims to replace and install new water infrastructure, with the 2025B bond potentially eligible for forgiveness after ten years based on compliance with the Safe Drinking Water Act.

Contract Details

Contract Amount

$3,786,088

Vendor

MARYLAND WATER INFRASTRUCTURE FINANCING ADMINISTRATION

Agency

Cumberland Area MPO, MD

Contract Type

Loan

Document Date

June 26, 2025

Contract Term

31 years

More from MARYLAND WATER INFRASTRUCTURE FINANCING ADMINISTRATION

Related Contracts

Bring us your territory.
We'll show you what is forming.

See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.

Try Civic IQ for free