FINANCIAL_SERVICESPENDING

District Seeks Up To $21M IBank Financing

Citrus Heights Water District is authorizing an application to the California Infrastructure and Economic Development Bank for up to $21 million in Infrastructure State Revolving Fund financing. The loan will support the District's Facilities Modernization & Expansion Project and related capital improvements, with the General Manager empowered to execute financing agreements upon IBank approval.

Status
PENDING
Document date
July 28, 2026
Contract type
FINANCIAL_SERVICES
Vendor
California Infrastructure & Economic Development Bank (ibank)
Agency
Citrus Heights Water District · CA

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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

Scope & details

The full contract record, as filed.

Contract amount
Up to $21,000,000 (plus origination fee equal to the greater of $25,000 or 1% of the original financing amount for financings over $1 million)
Contract type
FINANCIAL_SERVICES
Contract term
Up to 30 years, fixed interest, semiannual payments; prepayment permitted after first 10 years without penalty
Renewal
ISRF financing offers fixed-rate terms up to 30 years, with repayment semiannually and prepayment allowed after 10 years without penalty; any Replacement Agreement would mirror the original Financing Agreement terms. Future amendments and renewals, if any, will be executed by the General Manager or designee as authorized by Resolution No. 14-2026.
Document type
AgendaPacket
Source document
Citrus Heights Water District AgendaPacket Special Meeting 2026-07-28

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Citrus Heights Water District?

California Infrastructure & Economic Development Bank (ibank) was awarded this financial services contract by Citrus Heights Water District, as recorded on July 28, 2026. The contract value is Up to $21,000,000 (plus origination fee equal to the greater of $25,000 or 1% of the original financing amount for financings over $1 million).

How much is the California Infrastructure & Economic Development Bank (ibank) contract with Citrus Heights Water District worth?

The California Infrastructure & Economic Development Bank (ibank) contract with Citrus Heights Water District is valued at Up to $21,000,000 (plus origination fee equal to the greater of $25,000 or 1% of the original financing amount for financings over $1 million), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Citrus Heights Water District AgendaPacket Special Meeting 2026-07-28 (AgendaPacket), dated July 28, 2026 from Citrus Heights Water District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does California Infrastructure & Economic Development Bank (ibank) hold?

California Infrastructure & Economic Development Bank (ibank) 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 California Infrastructure & Economic Development Bank (ibank)'s profile

What is Citrus Heights Water District currently buying?

Explore Citrus Heights Water District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Citrus Heights Water District's profile

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