Town of Arcadia Town Board Meeting Minutes April 2026
USDA loan approved for SWIA No. 3 water project
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Description
The Town of Arcadia approved a USDA Rural Utilities Service loan resolution to issue $545,000 in bonds for Southwest Water Improvement Area No. 3 drinking water improvements. The United States Department of Agriculture will assist with planning, financing, and potential bond purchase over the 38-year loan term.
Contract Details
Contract Amount
$545,000
Vendor
UNITED STATES DEPARTMENT OF AGRICULTURE
Agency
Town of Arcadia, NY
Contract Type
FINANCIAL_SERVICES
Document Date
April 14, 2026
Contract Term
38-year loan period for Southwest Water Improvement Area Benefit Area No. 3
Renewal Info
Loan term aligned with a 38-year financing period referenced for USDA funding of Benefit Area No. 3; no renewal options specified beyond standard refinancing provisions.
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