FINANCIAL_SERVICESRECOMMENDED

State Loan for Polybutylene Pipe Replacement Endorsed

The Commission recommended approval of a financing agreement with the Texas Water Development Board for a 20-year, low-interest loan of up to $5,000,000 to fund Austin Water’s polybutylene pipe replacement Municipal Conservation Project. Repayment will depend on future Austin Water budget appropriations.

Status
RECOMMENDED
Document date
July 15, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Texas Water Development Board
Agency
Austin Water · TX

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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
Not to exceed $5,000,000
Contract type
FINANCIAL_SERVICES
Contract term
20-year loan term
Renewal
Loan agreement anticipated for a fixed 20-year term; no renewal options are described in the minutes.
Document type
Minutes
Source document
City of Austin Water and Wastewater Commission Minutes 2026-07-15

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Austin Water?

Texas Water Development Board was awarded this financial services contract by Austin Water, as recorded on July 15, 2026. The contract value is Not to exceed $5,000,000.

How much is the Texas Water Development Board contract with Austin Water worth?

The Texas Water Development Board contract with Austin Water is valued at Not to exceed $5,000,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Austin Water and Wastewater Commission Minutes 2026-07-15 (Minutes), dated July 15, 2026 from Austin Water. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Texas Water Development Board hold?

Texas Water Development Board may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Austin Water currently buying?

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

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