FINANCIAL_SERVICESAPPROVED

City of West Fargo Awards Financial Services Contract to North Dakota Public Finance Authority (October 2025)

The City of West Fargo approved a Loan Agreement with the North Dakota Public Finance Authority for the purchase of its $8,500,000 Wastewater Treatment Revenue Bond, Series 2025C, to fund wastewater facilities expansion. The 30‑year revenue bond bears 1.50% interest plus an administrative fee and is repayable solely from wastewater system net revenues.

Status
APPROVED
Document date
October 20, 2025
Contract type
FINANCIAL_SERVICES
Vendor
North Dakota Public Finance Authority
Agency
City of West Fargo · ND

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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
$8,500,000 principal at 1.50% interest plus Administrative Fee
Contract type
FINANCIAL_SERVICES
Contract term
Dated date of delivery; principal installments due September 1, 2027–September 1, 2056; interest payable semiannually each March 1 and September 1
Renewal date
2056-09-01
Renewal
This is a fixed-term revenue bond issued under a Loan Agreement with scheduled principal payments from 2027 through 2056; no renewal or extension provisions are described, though the bond is callable on any interest payment date with the Authority’s consent.
Document type
Resolution
Source document
city_of_west_fargo_resolution_for_wastewater_bond.pdf

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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 West Fargo?

North Dakota Public Finance Authority was awarded this financial services contract by City of West Fargo, as recorded on October 20, 2025. The contract value is $8,500,000 principal at 1.50% interest plus Administrative Fee.

How much is the North Dakota Public Finance Authority contract with City of West Fargo worth?

The North Dakota Public Finance Authority contract with City of West Fargo is valued at $8,500,000 principal at 1.50% interest plus Administrative Fee, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in city_of_west_fargo_resolution_for_wastewater_bond.pdf (Resolution), dated October 20, 2025 from City of West Fargo. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does North Dakota Public Finance Authority hold?

North Dakota Public Finance 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.

View North Dakota Public Finance Authority's profile

What is City of West Fargo currently buying?

Explore City of West Fargo's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of West Fargo's profile

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