Le Sueur City Council Minutes 2026-04-13
Council Accepts Drinking Water PFA Loan
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Description
Le Sueur City Council approved a $3,724,256 Drinking Water Revolving Loan Fund loan from the Minnesota Public Facilities Authority at 2.256% interest over 20 years. The financing will fund the water component of the 2025 Street and Utility Improvement Project.
Contract Details
Contract Amount
$3,724,256
Vendor
MINNESOTA PUBLIC FACILITIES AUTHORITY
Agency
City of Le Sueur, MN
Contract Type
FINANCIAL_SERVICES
Document Date
April 13, 2026
Contract Term
20 years at 2.256% interest
Renewal Date
2046-04-13
Renewal Info
This is a fixed-term 20-year loan; no renewal provisions are discussed.
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