City of Coralville Agenda 2026-06-09
Coralville Approves $390,000 Water Revenue Loan with IFA
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Description
The City of Coralville awarded a $390,000 Water Revenue Loan and Disbursement Agreement Anticipation Project Note to the Iowa Finance Authority for the interim financing of planning and design costs for Well 17. The note bears 0% interest and matures in three years.
Contract Details
Contract Amount
$390,000
Vendor
IOWA FINANCE AUTHORITY
Agency
City of Coralville, IA
Contract Type
FINANCIAL_SERVICES
Document Date
June 9, 2026
Contract Term
June 26, 2026 – June 26, 2029 (3 years)
Renewal Date
2029-06-26
Renewal Info
Project note to be refinanced/retired via long-term SRF loan/bond before or at maturity. No automatic renewal.
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