FINANCIAL_SERVICESAPPROVED

Lyon County Awards $9,800,000 Financial Services Contract to Minnesota Rural Water Finance Authority (August 2026)

The Minnesota Rural Water Finance Authority agrees to provide Lyon County and the Lincoln Pipestone Rural Water System with up to $9.8 million in interim financing for Phase 2 of the North Water Source Project, backed by a general obligation Governmental Note. The loan carries 4.80% interest through a December 1, 2027 maturity, with provisions for extension and repayment from USDA Rural Development permanent financing and system revenues.

Status
APPROVED
Document date
August 1, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Minnesota Rural Water Finance Authority
Agency
Lyon County · MN

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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
$9,800,000
Contract type
FINANCIAL_SERVICES
Contract term
From execution in August 2026 until Loan Repayment Date, with final maturity no later than December 1, 2027 and possible extensions to June 1, 2032 at up to 7.50% interest
Renewal date
2032-06-01
Renewal
Loan maturity on the Governmental Note may be extended one or more times to a date not later than June 1, 2032, with a new interest rate not exceeding 7.50% per annum, subject to approval by the Authority and Regions Bank as Trustee, and documented via an Extension Certificate; interest due at original maturity may be capitalized into principal.
Document type
Agreement
Source document
Minnesota Rural Water Finance Authority Advance Agreement 2026-08-01

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Lyon County?

Minnesota Rural Water Finance Authority was awarded this financial services contract by Lyon County, as recorded on August 1, 2026. The contract value is $9,800,000.

How much is the Minnesota Rural Water Finance Authority contract with Lyon County worth?

The Minnesota Rural Water Finance Authority contract with Lyon County is valued at $9,800,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Minnesota Rural Water Finance Authority Advance Agreement 2026-08-01 (Agreement), dated August 1, 2026 from Lyon County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Minnesota Rural Water Finance Authority hold?

Minnesota Rural Water Finance Authority 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 Minnesota Rural Water Finance Authority's profile

What is Lyon County currently buying?

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

View Lyon County's profile

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