CONTRACTAPPROVED

Town of Malden Awards $17,000,000 Loan, Grant Contract to Massachusetts Water Resources Authority (April 2025)

Disclosed value: $17,000,000; From meeting minutes
Approved: Apr 15, 2025
Term: 10 years

What it covers

City of Malden approves a $17 million appropriation for designing and replacing lead water service lines, funded through a combination of a 25% grant and a 75% zero-interest loan from the MWRA, aiming to replace approximately 330 lead lines annually and eliminate all lead lines by 2032, with a repayment of $12.75 million over 10 years and $4.25 million forgiven as a grant.

Who holds it

Massachusetts Water Resources Authority holds this loan, grant contract with Town of Malden. Its other public contracts on record include work for City of Watertown.

What happens next

Term as filed: 10 years.

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Contract details

Contract type: Loan, Grant
Amount: $17,000,000
Document date: April 15, 2025
Term: 10 years
Vendor: Massachusetts Water Resources Authority
Agency: Town of Malden
Source document: town-of-maldenmeeting-minutes2025-04-15_18b.pdf (Meeting Minutes)

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Questions about this contract

Who was awarded the loan, grant contract by Town of Malden?

Massachusetts Water Resources Authority was awarded this loan, grant contract by Town of Malden, as recorded on April 15, 2025. The contract value is $17,000,000.

How much is the Massachusetts Water Resources Authority contract with Town of Malden worth?

The Massachusetts Water Resources Authority contract with Town of Malden is valued at $17,000,000, covering loan, grant work.

What type of contract is this?

This is a Loan, Grant contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in town-of-maldenmeeting-minutes2025-04-15_18b.pdf (Meeting Minutes), dated April 15, 2025 from Town of Malden. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Massachusetts Water Resources Authority hold?

Massachusetts Water Resources 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.

What is Town of Malden currently buying?

Explore Town of Malden's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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