FINANCIAL_SERVICESAPPROVED

city_of_west_fargo_resolution_for_water_treatment.pdf

West Fargo Approves $2.7M Water Bond Sale

$2,700,000 (principal amount of Water Treatment Revenue Bond, Series 2025D)City of West FargoNORTH DAKOTA PUBLIC FINANCE AUTHORITYOctober 20, 2025

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Description

The City of West Fargo approved a loan agreement with the North Dakota Public Finance Authority for the purchase of a $2,700,000 Water Treatment Revenue Bond, Series 2025D, to finance expansion of its public works water treatment facilities. The bond will be repaid from water system net revenues over a term running from 2027 through 2056 at 1.50% interest plus an administrative fee.

Contract Details

Contract Amount

$2,700,000 (principal amount of Water Treatment Revenue Bond, Series 2025D)

Vendor

NORTH DAKOTA PUBLIC FINANCE AUTHORITY

Agency

City of West Fargo, ND

Contract Type

FINANCIAL_SERVICES

Document Date

October 20, 2025

Contract Term

Dated date of delivery; principal installments from 2027 through 2056 at 1.50% interest plus Administrative Fee

Renewal Date

2056-09-01

Renewal Info

Single municipal revenue bond issued under a loan agreement; no renewal or extension terms are described, but the bond is callable for redemption on any interest payment date with consent of the Authority.

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