FINANCIAL_SERVICESAPPROVED

City of Presque Isle Awards $14,500,000 Financial Services Contract to United States Department of Agriculture (usda) Rural Development (November 2025)

The Presque Isle City Council adopted the USDA Loan Resolution (Form RD 1942-47) to secure $14,500,000 in USDA Rural Development financing for the Presque Isle International Airport terminal expansion. The resolution authorizes bond issuance and commits the City to USDA terms and conditions for the life of the loan.

Document date · November 5, 2025

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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
$14,500,000
Contract type
FINANCIAL_SERVICES
Renewal
USDA may require refinancing through private sources if feasible in the future; obligations under the loan resolution remain in effect as long as USDA or its assignees hold or insure the bonds. Specific maturity date not provided in the minutes.
Document type
Minutes
Source document
Presque Isle City Council Meeting Minutes November 2025

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Presque Isle?

United States Department of Agriculture (usda) Rural Development was awarded this financial services contract by City of Presque Isle, as recorded on November 5, 2025. The contract value is $14,500,000.

How much is the United States Department of Agriculture (usda) Rural Development contract with City of Presque Isle worth?

The United States Department of Agriculture (usda) Rural Development contract with City of Presque Isle is valued at $14,500,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Presque Isle City Council Meeting Minutes November 2025 (Minutes), dated November 5, 2025 from City of Presque Isle. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does United States Department of Agriculture (usda) Rural Development hold?

United States Department of Agriculture (usda) Rural Development 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 United States Department of Agriculture (usda) Rural Development's profile

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